§ 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of license A. The director shall not again issue any license under this title to any person whose license has been revoked until one year after the revocation and the person again qualifies in accordance with the applicable provisions of this title.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 […]
§ 20-289 – Expiration; surrender; renewal
20-289. Expiration; surrender; renewal A. Any license that is issued pursuant to this article, other than a temporary license, continues in force until it expires or the director suspends, revokes or terminates the license. The license is also subject to renewal pursuant to this section. B. A license that is issued or renewed pursuant to […]
§ 20-289.01 – Inactive license or application status during military service
20-289.01. Inactive license or application status during military service A. A licensee or applicant who is ordered into active military service may request that the license or application be placed on inactive status by sending the department a written statement that includes all of the following: 1. The licensee’s name. 2. The licensee’s license number […]