§ 23-64-408. Insurance Commissioner’s authority to adopt rules
The Insurance Commissioner may adopt reasonable rules for the implementation and administration of the provisions of this subchapter.
§ 23-64-516. Reciprocity
(a) The Insurance Commissioner shall waive any requirements for a nonresident license applicant with a valid license from his or her home state, except the requirements imposed by § 23-64-508, if the applicant’s home state awards nonresident licenses to residents of this state on the same basis. (b) A nonresident producer’s satisfaction of his or […]
§ 23-64-501. Title — Purpose — Scope
(a) This subchapter shall be known and may be cited as the “Producer Licensing Model Act”. (b) This subchapter governs the qualifications and procedures for the licensing of insurance producers. It simplifies and organizes some statutory language to improve efficiency, permits the use of new technology, and reduces costs associated with issuing and renewing insurance […]
§ 23-64-502. Definitions
For purposes of this subchapter: (1) “Business entity” means a corporation, association, partnership, limited liability company, limited liability partnership, or other legal entity; (2) “Home state” means the District of Columbia and any state or territory of the United States in which an insurance producer maintains his or her principal place of residence or principal […]
§ 23-64-503. License required
A person shall not sell, solicit, or negotiate insurance in this state for any class or classes of insurance unless the person is licensed for that line of authority in accordance with this subchapter.
§ 23-64-504. Exceptions to licensing
(a) Nothing in this subchapter shall be construed to require an insurer to obtain an insurance producer license. In this section, the term “insurer” does not include an insurer’s officers, directors, employees, subsidiaries, or affiliates. (b) A license as an insurance producer shall not be required of the following: (1) An officer, director, or employee […]
§ 23-64-505. Application for examination
(a) A resident individual applying for an insurance producer license shall pass a written examination unless exempt pursuant to § 23-64-205. The examination shall test the knowledge of the individual concerning the lines of authority for which application is made, the duties and responsibilities of an insurance producer, and the insurance laws of this state. […]
§ 23-64-506. Application for license
(a) A person applying for a resident insurance producer license shall make application to the Insurance Commissioner on the National Association of Insurance Commissioners’ Uniform Application and declare under penalty of refusal, suspension, or revocation of the license that the statements made in the application are true, correct, and complete to the best of the […]
§ 23-64-306. Certification of courses completed — Filing fee
(a) Every person subject to the provisions of this subchapter shall furnish, in a form satisfactory to the Insurance Commissioner, written certification as to the courses, meetings, or programs of instruction taken and successfully completed by such persons. (b) A filing fee shall be paid by the person furnishing the certification in an amount determined […]
§ 23-64-307. Insurance Continuing Education Trust Fund
(a) All funds received pursuant to the provisions of this subchapter shall be transmitted by the Insurance Commissioner to the Treasurer of State to the credit of an account or fund to be entitled “Insurance Continuing Education Trust Fund”, which is hereby established. (b) All expenditures disbursed pursuant to this subchapter shall be paid from […]