§431:9A-108 Nonresident licensing. (a) Except as provided in section 431:9A-112, a nonresident applicant shall receive a nonresident producer license if:
(1) The applicant is currently licensed and is in good standing as a resident producer in the applicant's home state;
(2) The applicant has submitted the proper request for licensure and has paid the fees required by section 431:7-101;
(3) The applicant has submitted or transmitted to the commissioner the application for licensure that the applicant submitted to the applicant's home state, or in lieu of the same, a completed uniform application; and
(4) The applicant's home state awards nonresident producer licenses to residents of this State on the same basis.
(b) The commissioner may verify the producer's licensing status through the producer database maintained by the National Association of Insurance Commissioners, its affiliates, or subsidiaries.
(c) A nonresident producer who moves from one state to another state or a resident producer who moves from this State to another state shall file a change of address with the commissioner and shall provide certification from the new resident state within thirty days of the change of legal residence. No fee or license application shall be required. Failure to timely inform the commissioner of a change in address shall result in a penalty pursuant to section 431:2-203.
(d) Notwithstanding any other provision of this article, an applicant licensed as a limited line credit insurance producer or other type of limited lines producer in the person's home state shall receive a nonresident limited lines producer license, pursuant to subsection (a), granting the same scope of authority as granted under the license issued by the producer's home state. Limited lines insurance authority is any authority granted by the home state, that restricts the authority of the license to less than the total authority prescribed in the associated major lines pursuant to section 431:9A-107(a)(1) through (5). [L 2001, c 216, pt of §2; am L 2003, c 212, §62; am L 2006, c 154, §28; am L 2012, c 66, §8]
Section: Previous 431-9a-102 431-9a-103 431-9a-104 431-9a-105 431-9a-106 431-9a-107 431-9a-107.5 431-9a-108 431-9a-108.5 431-9a-109 431-9a-110 431-9a-111 431-9a-112 431-9a-112.3 431-9a-112.5 NextLast modified: October 27, 2016