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What state are you in? You don't have to worry about surrendering the lic. You can just get contracted with other companies and write with them. Your existing contract will eventually be cancelled for non-production. Or you can simply contact the companies licensing department and ask them to canel your contract. I can help you get appointed with other companies and top commissions if you would like to contact me thru the message board.

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Q: I am a insurance agent of one PSU insurance company. IRDA has issued me the licence. I am not satisfied with this insurance company. Tell me the procedure how to surrender the agency NOT Licence.?
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