The Division of Insurance's new Online Licensing for Individuals and Entities system (OLLIE), allows insurance producers to be able to renew their insurance licenses and pay associated fees in a secure online environment via EFT/ACH electronic funds transfer. Electronic renewal applications that do not require additional Division of Insurance ("Division") review are processed immediately and licensees are notified of their license renewals within 48 hours of submitting their completed application online.
Comprehensive instructions for online license renewal using (OLLIE) are now included in renewal notices sent by the Division to licensed resident and non-resident individual insurance producers. All license renewal fees remain the same.
Licensed resident and non-resident individual insurance producers are also able to update their contact information through (OLLIE). Additionally, individual insurance producers are able to enter information in a "Producer Profile", which will then be used in an online "Producer Lookup" feature for consumers to be introduced by the Division at a later date.
The implementation of the (OLLIE) online license renewal system streamlines and accelerates the license renewal process, as well as reducing paperwork and saving resources. The OLLIE system may be accessed at http://www.ollieisabreeze.doi.state.ma.us.