§ 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 […]