(a) Unless refused licensure pursuant to Section 27-9A-12, a nonresident person shall receive a nonresident independent adjuster license if:
(1) The person is currently licensed in good standing as an independent adjuster in the resident or home state of the person.
(2) The person has applied for a license and has paid the fees required by Section 27-4-2.
(3) If a business entity, and as applicable, the entity has qualified or registered with the office of the Secretary of State to engage in business in this state.
(4) The person's designated home state awards nonresident independent adjuster licenses to persons of this state on the same basis.
(b) The commissioner may verify the independent adjuster's licensing status through any appropriate database, including the Producer Database maintained by the NAIC or may request certification of good standing as described in subsection (a) of Section 27-9A-9.
(c) As a condition to the continuation of a nonresident independent adjuster license in this state, the licensee shall maintain a resident independent adjuster license in the adjuster's home state. A licensee shall notify the commissioner within 30 days if the independent adjuster license terminates for any reason and shall include the new address if the licensee has obtained a resident license in a new resident or home state. Termination of a resident or home state license shall terminate the nonresident independent adjuster license in this state unless the termination is due to the independent adjuster being issued a new resident independent adjuster license in a new resident or home state, provided the new resident or home state awards nonresident independent adjuster licenses to persons of this state on the same basis.
(d) No resident of Canada may be licensed as a non-resident independent adjuster unless the person has obtained a resident or home state independent adjuster license.
(Act 2011-637, §1.)Section: Previous 27-9a-3 27-9a-4 27-9a-5 27-9a-6 27-9a-7 27-9a-8 27-9a-9 27-9a-10 27-9a-11 27-9a-12 27-9a-13 27-9a-14 27-9a-15 27-9a-16 27-9a-17 Next
Last modified: November 15, 2016