Section 27-7-29.1 – Exemptions for Individuals Licensed in Other State.
Section 27-7-29.1 Exemptions for individuals licensed in other state. (a) An individual who applies for an insurance producer license in this state who was previously licensed for the same lines of authority in another state shall not be required to complete any prelicensing education or examination. This exemption is only available if the person is […]
Section 27-7-39 – Reporting of Administrative Action, Etc.
Section 27-7-39 Reporting of administrative action, etc. (a) A producer shall report to the commissioner any administrative action taken against the producer in another jurisdiction or by another governmental agency in this state within 30 days of the final disposition of the matter. This report shall include a copy of the order, consent to order, […]
Section 27-7-29.2 – Notification of Assumed Name.
Section 27-7-29.2 Notification of assumed name. An insurance producer doing business under any name other than the producer’s legal name is required to notify the commissioner prior to using the assumed name. (Act 2001-702, p. 1509, §6.)
Section 27-7-40 – Disposition of Fines.
Section 27-7-40 Disposition of fines. All fines collected pursuant to this chapter shall be deposited to the credit of the State General Fund. (Act 2001-702, p. 1509, §12.)
Section 27-7-30 – Appointment of Producer – Generally.
Section 27-7-30 Appointment of producer – Generally. (a) Each insurer appointing a producer in this state shall file with the commissioner, in a format approved by the commissioner, a notice of appointment within 15 days from the date the agency contract is executed or the first insurance application is submitted, whichever occurs first. An insurer […]
Section 27-7-41 – Validity of Certain Licenses, Appointments.
Section 27-7-41 Validity of certain licenses, appointments. (a) Every agent, broker, and solicitor license in force immediately prior to January 1, 2002, and existing under any law repealed or amended by Act 2001-702, is valid until its original expiration date, unless earlier terminated in accordance with applicable law. Upon the first renewal under Act 2001-702, […]
Section 27-7-30.1 – Appointment of Producer – Notification of Termination.
Section 27-7-30.1 Appointment of producer – Notification of termination. (a) Within 15 days after making the notification required by subsection (e) of Section 27-7-30, the insurer shall mail a copy of the notification to the producer at his or her last known address. If the producer is terminated for cause for any of the reasons […]
Section 27-7-42
Section 27-7-42 Relation to other laws. Any law of this state remaining in force after January 1, 2002, which refers to an insurance agent or broker required prior to January 1, 2002, to be licensed in accordance with Chapter 7 or Chapter 8 of this title shall be deemed a reference to an insurance producer […]
Section 27-7-30.2 – Liability for Disclosure of Information, Etc.
Section 27-7-30.2 Liability for disclosure of information, etc. (a) In the absence of actual malice, an insurer, the authorized representative of the insurer, a producer, the commissioner, or an organization of which the commissioner is a member and that compiles the information and makes it available to other insurance commissioners or regulatory or law enforcement […]
Section 27-7-43 – Rules and Regulations Under Amendatory Act.
Section 27-7-43 Rules and regulations under amendatory act. (a) The commissioner may adopt reasonable rules and regulations for the implementation and administration of Act 2001-702. (b) Prior to the adoption, amendment, or repeal of any regulation to implement Act 2001-702, the commissioner shall give at least 35 days’ notice of the intended action by filing […]