56-6-108 - Nonresident licensing.
56-6-108. Nonresident licensing.
(a) Unless denied licensure pursuant to § 56-6-112, a nonresident person shall receive an insurance producer license if:
(1) The person is currently licensed as a resident insurance producer and is in good standing in the person's home state;
(2) The person has submitted the proper request for licensure and has paid the applicable fees required by § 56-6-121;
(3) The person has submitted or transmitted to the commissioner the application for licensure that the person submitted to the person's home state, or in lieu of the same, a completed uniform application; and
(4) The person's home state awards insurance producer licenses to residents of this state on the same basis.
(b) The commissioner may verify the insurance producer's licensing status through any producer database maintained by the NAIC, its affiliates or subsidiaries.
(c) A nonresident insurance producer who moves from one state to another state or a resident insurance producer who moves from this state to another state shall file a change of address and provide certification from the new resident state within thirty (30) days of the change of legal residence. No fee or license application is required.
(d) Notwithstanding any other provision of this part, a person licensed as a surplus lines producer in the person's home state shall receive a surplus lines producer license in this state pursuant to subsection (a). Except as provided in subsection (a), nothing in this section otherwise amends or supersedes the Surplus Lines Insurance Act, compiled in chapter 14 of this title.
(e) Notwithstanding any other provision of this part, a person licensed as a limited line credit insurance producer or any other type of limited lines insurance producer in the person's home state shall receive a nonresident limited lines producer license, pursuant to subsection (a), as long as the license is granted to residents of this state. The license shall grant the nonresident the same scope of authority as granted a resident insurance producer holding the license in this state.
[Acts 2002, ch. 798, § 9.]