§ 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 […]
§ 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 […]
§ 20-281 – Definitions
20-281. Definitions In this article, unless the context otherwise requires: 1. " Business entity" means any corporation, association, partnership, limited liability company, limited liability partnership or other legal entity except an individual or sole proprietorship. 2. " Designated producer" means the individual insurance producer that a business entity designates pursuant to section 20-285, subsection C, […]
§ 20-282 – License required
20-282. 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 article.
§ 20-283 – Exceptions to insurance producer licensing
20-283. Exceptions to insurance producer licensing A. An insurer is not required to obtain an insurance producer license. In this section, insurer does not include an insurer’s officers, directors, employees, subsidiaries or affiliates. B. The following persons are not required to obtain a license as an insurance producer: 1. An officer, director or employee of […]
§ 20-284 – Application for examination
20-284. Application for examination A. A resident individual applying for an insurance producer license shall pass an examination within the one year period that precedes the date the director received the individual’s license application unless the individual is exempt pursuant to section 20-288. The examination shall test the knowledge of the individual concerning the lines […]