§ 20-290 – Insurance producer records; individual licensees
20-290. Insurance producer records; individual licensees A. An insurance producer shall keep at the insurance producer’s principal place of business the usual and customary records that pertain to transactions under the insurance producer’s license. The insurance producer shall keep all records for any transaction for three years immediately after the date of completion of the […]
§ 20-291 – Service of process on nonresident licensees
20-291. Service of process on nonresident licensees A. Application for and acceptance of any nonresident license pursuant to this article constitutes an irrevocable appointment of the director as the agent of the licensee for the acceptance of service of process issued in this state in any action or proceeding against the licensee arising out of […]
§ 20-292 – Violation; injunctive relief
20-292. Violation; injunctive relief If the director has cause to believe that any person is violating or about to violate section 20-282, 20-298, 20-311.01, 20-321.01, 20-331, 20-331.01, 20-332, 20-340.01 or 20-411, the director may order the person to cease and desist and, through the attorney general, may cause a complaint to be filed in the […]
§ 20-293 – Insurance vending machines
20-293. Insurance vending machines A. Only a licensed insurance producer who is authorized by the director may solicit applications for and issue policies by means of mechanical vending machines. The insurance producer shall supervise each machine and shall issue policies only of insurers authorized to transact business in this state. A policy shall not be […]
§ 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 […]