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Home » US Law » 2022 New Hampshire Revised Statutes » Title XXXVII - Insurance » Title 402-J - Producer Licensing

Section 402-J:1 – Purpose and Scope.

    402-J:1 Purpose and Scope. – I. This chapter governs the qualifications and procedures for the licensing of insurance producers. It simplifies and organizes some statutory language to improve efficiency and reduce costs associated with issuing and renewing insurance licenses. [Paragraph II effective until January 1, 2023; see also paragraph II set out below.] II. […]

Section 402-J:10 – Assumed Names.

    402-J:10 Assumed Names. – An insurance producer doing business under any name other than the producer’s legal name is required to notify and obtain approval of the commissioner prior to using the assumed name. Source. 2000, 315:1.

Section 402-J:11 – Temporary Licensing.

    402-J:11 Temporary Licensing. – I. 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: (a) To a member or employee of […]

Section 402-J:12 – License Denial, Nonrenewal, or Revocation.

    402-J:12 License Denial, Nonrenewal, or Revocation. – I. The commissioner may place on probation, suspend, revoke, or refuse to issue or renew an insurance producer’s license, or may levy an administrative fine not to exceed $2,500 per violation, in accordance with RSA 400-A:15, III or any combination of actions for any one or more […]

Section 402-J:13 – Commissions.

    402-J:13 Commissions. – I. An insurance company 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 chapter and is not so licensed. II. A person shall […]

Section 402-J:14 – Appointments and Authority.

    402-J:14 Appointments and Authority. – I. An insurance producer shall not act as an agent of an insurer unless the insurance producer becomes an appointed agent of that insurer. An insurance producer who is not acting as an agent of an insurer is not required to become appointed. II. To appoint a producer as […]

Section 402-J:15 – Notification to Commissioner of Termination; Confidentiality; Penalties.

    402-J:15 Notification to Commissioner of Termination; Confidentiality; Penalties. – I. 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 15 days following the effective date of the termination under RSA 402:15-c, using a format prescribed by […]

Section 402-J:16 – Reciprocity.

    402-J:16 Reciprocity. – I. 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 RSA 402-J:8, if the applicant’s home state awards nonresident licenses to residents of this state on the same basis. II. A nonresident producer’s satisfaction […]

Section 402-J:17 – Reporting of Actions.

    402-J:17 Reporting of Actions. – I. 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 […]

Section 402-J:18 – Rules.

    402-J:18 Rules. – The commissioner may, in accordance with RSA 541-A, adopt reasonable rules as are necessary or proper to carry out the purpose of this chapter. Source. 2000, 315:1.

Section 402-J:19 – Severability.

    402-J:19 Severability. – If any provisions of this chapter, or the application of a provision to any person or circumstances, shall be held invalid, the remainder of the chapter, and the application of the provision to persons or circumstances other than those to which it is held invalid, shall not be affected. Source. 2000, […]

Section 402-J:2 – Definitions.

    402-J:2 Definitions. – In this chapter: I. " Business entity " means a corporation, association, partnership, limited liability company or partnership, or other legal entity. II. " Commissioner " means the insurance commissioner of the state of New Hampshire. III. " Home state " means the District of Columbia and any state or territory […]

Section 402-J:3 – License Required.

    402-J:3 License Required. – I. 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 chapter. II. Any person who shall practice or attempt to practice as an insurance producer in […]

Section 402-J:4 – Exceptions to Licensing.

    402-J:4 Exceptions to Licensing. – I. Nothing in this chapter shall be construed to require an insurer to obtain an insurance producer license. For the purposes of this section " insurer " does not include an insurer’s officers, directors, employees, subsidiaries, or affiliates. II. A license as an insurance producer shall not be required […]

Section 402-J:5 – Application for Examination.

    402-J:5 Application for Examination. – I. A resident individual applying for an insurance producer license shall pass a written examination unless exempt pursuant to RSA 402-J:9. The examination shall test the knowledge of the individual concerning the lines of authority for which application is made, the duties and responsibilities of an insurance producer and […]

Section 402-J:6 – Application for License.

    402-J:6 Application for License. – I. A person 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 […]

Section 402-J:7 – License.

    402-J:7 License. – I. Unless denied licensure pursuant to RSA 402-J:12, persons who have met the requirements of RSA 402-J:5 and RSA 402-J:6 shall be issued an insurance producer license. An insurance producer may receive qualification for a license in one or more of the following lines of authority: (a) Life: Insurance coverage on […]

Section 402-J:7-a – Continuing Education.

    402-J:7-a Continuing Education. – Every 2 years, at least 60 days prior to the renewal date of their license, persons holding a producers license shall be certified by the insurance department as having completed 24 hours of continuing education instruction. Of the 24 continuing education hours required, at least 3 hours, but no more […]

Section 402-J:8 – Nonresident Licensing.

    402-J:8 Nonresident Licensing. – I. Unless denied licensure pursuant to RSA 402-J:12, a nonresident shall receive a nonresident producer license if: (a) The person is currently licensed as a resident and in good standing in his or her home state. (b) The person has submitted the proper request for licensure and has paid the […]

Section 402-J:9 – Exemption and Examination.

    402-J:9 Exemption and Examination. – I. 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 […]