Sec. 38a-702j. Temporary producers licenses.
Sec. 38a-702j. Temporary producers licenses. (a) The commissioner may issue
a temporary insurance producer license for a period not to exceed one hundred eighty
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 representative of a licensed
insurance producer who dies or becomes mentally or physically disabled to allow adequate time for the sale of the insurance business owned by the producer or for the recovery or return of the producer to the business or to provide for the training and licensing
of new personnel to operate the producer's business; (2) to a member or employee of a
business entity licensed as an insurance producer, upon the death or disability of an
individual designated in the business entity application or the license; (3) to the designee
of a licensed insurance producer entering active service in the armed forces of the United
States; or (4) in any other circumstance where the commissioner deems that the public
interest will best be served by the issuance of the license.
(b) The commissioner may limit the authority of any temporary licensee in any way
deemed necessary to protect insureds and the public. The commissioner may require
the temporary licensee to have a suitable sponsor who is a licensed producer or insurer
and who assumes responsibility for all acts of the temporary licensee and may impose
other similar requirements designed to protect insureds and the public. The commissioner may revoke a temporary license if the interests of insureds or the public are
endangered. A temporary license may not continue after the owner or the personal representative disposes of the business.
(P.A. 01-113, S. 10, 42.)
History: P.A. 01-113 effective September 1, 2002.