§ 20-294 – Temporary licensing
20-294. Temporary licensing A. The director may issue a temporary insurance producer license for not more than one hundred eighty days without requiring an examination if the director 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 […]
§ 20-295 – License denial, suspension or revocation; civil penalty
20-295. License denial, suspension or revocation; civil penalty A. The director may deny, suspend for not more than twelve months, revoke or refuse to renew an insurance producer’s license or may impose a civil penalty in accordance with subsection F of this section or any combination of actions for any one or more of the […]
§ 20-296 – Effect of suspension or revocation of license
20-296. Effect of suspension or revocation of license A. The director shall not again issue any license under this title to any person whose license has been revoked until one year after the revocation and the person again qualifies in accordance with the applicable provisions of this title. B. If the license of a business […]
§ 20-297 – Assumed business name; trade name
20-297. Assumed business name; trade name A. An insurance producer doing business under any name other than the producer’s legal name shall notify the director on a form prescribed by the director before using the assumed name. B. The director may deny the use of an assumed business name, require the use of a different […]
§ 20-298 – Commissions
20-298. Commissions A. An insurer or insurance producer shall not pay a commission, service fee, brokerage or other valuable consideration to a person for selling, soliciting or negotiating insurance in this state if that person is required to be licensed under this article and is not so licensed. B. A person shall not accept a […]
§ 20-299 – Sharing of information
20-299. Sharing of information A. The director may: 1. Share any nonpublic document, material or other information with other state, federal and international regulatory agencies, with the national association of insurance commissioners and its affiliates or subsidiaries and with state, federal and international law enforcement authorities, if the recipient agrees to maintain the confidentiality and […]
§ 20-300 – Reciprocity
20-300. Reciprocity A. The director shall waive any requirements, except the requirements prescribed in section 20-287, for a nonresident license applicant who holds a license in good standing from the applicant’s home state if the applicant’s home state issues nonresident licenses to residents of this state on the same basis. B. A nonresident insurance producer […]
§ 20-301 – Report of actions
20-301. Report of actions A. Within thirty days after the final disposition of the matter, an insurance producer shall report to the director any administrative action taken against the producer in another jurisdiction or by another governmental agency in this state. The report shall include a copy of the order, consent to order or other […]
§ 20-302 – Rules
20-302. Rules The director may adopt rules pursuant to title 41, chapter 6 to carry out this article.
§ 20-288 – Exemption from examination
20-288. Exemption from examination A. An individual who applies for an insurance producer license in this state and who was previously licensed for the same lines of authority in another state is not required to take an examination if either: 1. The applicant is currently licensed in the other state. 2. The application is received […]