License Renewal for Vehicle Mechanical
Breakdown Insurer or Property Residual Value Insurer

Vehicle mechanical breakdown licenses and property residual value insurer licenses expire annually on March 15. The license shall be renewed by payment of the required $1,500 after January 1 and before March 15 of each year.

A license which expires may be reinstated within ninety days of the expiration by paying the required fee and providing an affidavit that the company is compliant with the applicable provisions of the Louisiana Insurance Code. The affidavit shall be signed by an officer of the company.

The renewal or reinstatement fee should be accompanied by a cover letter which clearly states the name of the licensee and that the payment is for reinstatement of the license to:

Louisiana Department of Insurance
Company Licensing
1702 N. 3rd St
Baton Rouge, LA 70802

If the licensee fails to pay the renewal fee or reinstate the license within the ninety days of expiration, a new application must be filed.