§ 23-64-517. Reporting of actions
(a) (1) A producer shall report to the Insurance Commissioner any administrative action taken against the producer in another jurisdiction or by another governmental agency in this state within thirty (30) days after the final disposition of the matter. (2) The report shall include a copy of the order, consent order, or other relevant legal […]
§ 23-64-518. Rules
The Insurance Commissioner may, in accordance with § 23-61-108, promulgate reasonable rules as are necessary or proper to carry out the purposes of this subchapter.
§ 23-64-519. Centralized producer licensing registry
(a) The Insurance Commissioner may participate, in whole or in part, with the National Association of Insurance Commissioners, or any of its affiliates or subsidiaries, in a centralized producer license registry where insurance producer licenses and appointments may be centrally or simultaneously effected for all states that require an insurance producer license and participate in […]
§ 23-64-520. Compensation disclosure
(a) As used in this section: (1) “Affiliate” means a person that controls, is controlled by, or is under common control with a producer; (2) (A) “Compensation from an insurer or other third party” means payments, commissions, fees, overrides, bonuses, contingent commissions, loans, stock options, or any other form of valuable consideration, whether or not […]
§ 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 […]
§ 23-64-507. License
(a) Unless denied licensure pursuant to § 23-64-512, persons who have met the requirements of §§ 23-64-505 and 23-64-506 shall be issued an insurance producer license. An insurance producer may receive qualification for a license in one (1) or more of the following lines of authority: (1) Life insurance coverage on human lives including benefits […]
§ 23-64-508. Nonresident licensing
(a) Unless denied licensure pursuant to § 23-64-512, a nonresident person shall receive a nonresident producer license if: (1) The person is currently licensed as a resident and in good standing in his or her home state; (2) The person has submitted the proper request for licensure and has paid the fees required by § […]
§ 23-64-509. Exemption from examination
(a) An individual who applies for an insurance producer license in this state who was previously licensed for the same lines of authority in another state shall not be required to complete any prelicensing education or examination. This exemption is only available if the person is currently licensed in that state or if the application […]
§ 23-64-510. Assumed names
An insurance producer doing business under any name other than the producer’s legal name is required to notify the Insurance Commissioner prior to using the assumed name.
§ 23-64-511. Temporary licensing
(a) The Insurance Commissioner may issue a temporary insurance producer license for a period not to exceed one hundred eighty (180) days without requiring an examination if the commissioner deems that the temporary license is necessary for the servicing of an insurance business in the following cases: (1) To the surviving spouse or court-appointed personal […]