§ 4813. Purpose and scope This subchapter governs the qualifications and procedures for the licensing of insurance producers. It simplifies and organizes some statutory language to improve efficiency, permits the use of new technology, and reduces costs associated with issuing and renewing insurance licenses. (Added 2001, No. 97 (Adj. Sess.), § 18.)
§ 4813a. Definitions As used in this subchapter: (1) “Business entity” shall have the same meaning as in subdivision 4791(8) of this title. (2) “Home state” means the District of Columbia and any state or territory of the United States in which an insurance producer maintains his or her principal place of residence or principal […]
§ 4813b. 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 subchapter. (Added 2001, No. 97 (Adj. Sess.), § 18.)
§ 4813c. Duties (a) A person not duly licensed as an insurance producer or limited lines producer, who sells, solicits, or negotiates insurance policies on behalf of an insurer, shall be deemed a producer acting as the agent of such insurer within the intent of this subchapter, and shall be liable for all the duties, […]
§ 4813d. Exceptions to licensing (a) Nothing in this subchapter shall be construed to require an insurer to obtain an insurance producer license. In this section, the term “insurer” does not include an insurer’s officers, directors, employees, subsidiaries, or affiliates. (b) A license as an insurance producer shall not be required of the following: (1) […]
§ 4813e. Application for examination A resident individual applying for an insurance producer license shall pass a written examination as set forth in subdivision 4800(3)(E) of this title unless exempt pursuant to section 4813i of this subchapter. (Added 2001, No. 97 (Adj. Sess.), § 18.)
§ 4813f. Application for license (a) An individual applying for a resident insurance producer license shall make application to the Commissioner on the Uniform Application, and declare under penalty of refusal, suspension, or revocation of the license that the statements made in the application are true, correct, and complete to the best of the individual’s […]
§ 4813g. License (a) An insurance producer may receive qualification for a license and an appointment in one or more of the following lines of authority: (1) Life: insurance coverage on human lives, including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for […]
§ 4813h. Nonresident licensing (a) Unless denied licensure pursuant to section 4804 of this title, a nonresident person shall receive a nonresident producer license if: (1) The person is currently licensed as a resident and in good standing in his or her home state; (2) The person has submitted the proper request for licensure and […]
§ 4813i. Exemption from examination (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 currently licensed in that […]
§ 4813j. Assumed names 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. (Added 2001, No. 97 (Adj. Sess.), § 18.)
§ 4813k. Temporary licensing (a) The Commissioner may issue a temporary insurance producer license for a period not to exceed 180 days without requiring an examination if the Commissioner 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 […]
§ 4813l. Appointments (a) An insurance producer or limited lines producer shall not act as an agent of an insurer unless the producer becomes an appointed agent of that insurer. A producer who is not acting as an agent of an insurer is not required to become appointed. (b) An appointment shall be made by […]
§ 4813m. Notification to Commissioner of termination (a) Termination for cause. An insurer or authorized representative of the insurer that terminates the appointment, employment, contract, or other insurance business relationship with a producer shall notify the Commissioner within 30 days following the effective date of the termination, using a format prescribed by the Commissioner, if […]
§ 4813n. Reciprocity (a) The Commissioner shall waive any requirements for a nonresident license applicant with a valid license from his or her home state, except the requirements imposed by section 4813g of this chapter, if the applicant’s home state awards nonresident licenses to residents of this State on the same basis. (b) A nonresident […]
§ 4813o. Reporting of actions (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 or other […]
