§ 27-2.4-1 - Purpose and scope.
SECTION 27-2.4-1
§ 27-2.4-1 Purpose and scope. – (a) This chapter governs the qualifications and procedures for the licensing ofinsurance producers. It simplifies and organizes some statutory language toimprove efficiency, permits the use of new technology and reduces costsassociated with issuing and renewing insurance licenses. This chapter does notapply to excess and surplus lines agents and brokers licensed pursuant to§ 27-3-38 except as provided in §§ 27-2.4-10 and 27-2.4-17.
(b) Whenever the words "agent", "solicitor", or "broker" andtheir plural construct are used in the context of a licensee pursuant tochapter 3 of this title and occur in this chapter, any general law, public law,act or resolution of the general assembly or department of business regulation,those words mean insurance producer, except for those provisions of law andregulation which govern excess and surplus lines agents or brokers licensedpursuant to § 27-3-38.