-
(a) An individual who applies for an insurance producer license in the Virgin Islands who was previously licensed for the same lines of authority in another state is not required to complete any pre-licensing education or examination of the Virgin Islands. This exemption is available only if the person is currently licensed in that state or if the application received not later than 90 days after the cancellation of the applicant’s previous license and if the prior state issues a certification that, at the time of cancellation, the applicant was in good standing in that state or the state’s producer database records, maintained by the NAIC, its affiliates or subsidiaries, indicate that the producer is or was licensed in good standing for the line of authority requested.
-
(b) A person licensed as an insurance producer in another state who moves to the Virgin Islands shall make application not later than 90 days after establishing legal residence to become a resident licensee pursuant to section 758. No pre licensing education or examination is required of that person to obtain any line of authority previously held in the prior state, except where the Commissioner determines otherwise by regulation.
-
(c) Applicants for an insurance producer license acting as a title agent shall, prior to the issuance the such license, personally take and pass to the satisfaction of the Commissioner an examination given by the Commissioner as a test of the applicant’s qualification and competence, but this requirement does not apply to attorneys licensed to practice law.