Tenant-insurance license

Definition

The limited license a facility holds before it may sell a renter coverage.

Why It Matters

It is the one permission on this shelf that does not attach to the ground. Ohio issues the license to the facility itself and forbids selling for any insurer without that insurer's appointment, and every endorsee who offers the coverage has to complete training first; Washington writes the same creature as the owner. Neither statute says what a change of ownership does to the license or to the appointment, and that silence is the finding: a buyer asks the insurer and the regulator instead of assuming either survives the sale. The line is worth the hour because tenant insurance is real money on a facility, and it stops the day nobody behind the counter is allowed to sell it.