All Insurance Licensees, Producers, and Adjusters will be subject to a new requirement in Hawaii in order to use a trade name. Effective October 1, 2019 all licensees will need to register the trade name with the Business Registration Division (“BREG”), Department of Commerce and Consumer affairs prior to the use or change of a trade name to sell, solicit, or negotiate insurance in Hawaii.
Once registered with BREG, the licensee can apply to the Insurance Division’s Licensing Branch to add or remove a trade name on an active insurance license.
Any existing licensees using unregistered trade names will need to register their trade name with BREG. It will be the responsibility of the licensee to take the appropriate action (no additional notice will come from the Insurance Division).
Contact Westmont today for assistance in registering your trade name in Hawaii.