Effective: Show September 1, 2002 Latest Legislation: Senate Bill 129 - 124th General Assembly (A) The superintendent of insurance may issue a temporary insurance agent license to any of the following persons if the superintendent determines that the license is necessary for the servicing of insurance business: (1) The surviving spouse or court-appointed personal representative of a licensed insurance agent who dies or becomes mentally or physically disabled, to allow adequate time for the sale of the insurance business owned by the agent or for the recovery or return of the agent to the business, or to provide for the training and licensing of new personnel to operate the agent's business; (2) A member or employee of a business entity licensed as an insurance agent, upon the death or disability of the sole or remaining licensed insurance agent; (3) The designee of a licensed insurance agent entering active service in the United States armed forces; (4) Any other person if the superintendent determines that the public interest will best be served by the issuance of the license. (B) A temporary license issued under division (A) of this section shall remain in force for a period not to exceed one hundred eighty days. However, a temporary license may not continue in force under any of the circumstances described in division (A) of this section after the owner of the business or the owner's personal representative disposes of the business. (C) The superintendent may, by order, limit the authority of any temporary license in any way deemed necessary to protect insureds and the public. The superintendent may also, by order, rescind a temporary license if the interests of insureds or the public are endangered. (D) A temporary licensee shall be sponsored by a licensed insurance agent or insurer, which sponsor shall be responsible for all acts of the licensee. The superintendent may impose any other requirement on temporary licensees that the superintendent considers necessary to protect insureds and the public. (E) Chapter 119. of the Revised Code shall not apply to the issuance, restriction, or rescission of a temporary license under this section. Available Versions of this Section
Date: April 21, 2020 To: All Producers and Insurers Transacting the Business of Insurance in Connecticut From: Commissioner Andrew Mais Re: Temporary Insurance Producer License for New Resident Applicants Governor Ned Lamont declared a State of Emergency due to the 2019 Novel Coronavirus (COVID-19) on March, 20, 2020. The COVID-19 emergency has caused the suspension of insurance producer licensing exams. The suspension of producer licensing exams has resulted in some prospective new applicants being unable to obtain an insurance license and secure employment Effective immediately, the Department will issue Temporary Insurance Producer Licenses in accordance with C.G.S. 38a-702 to applicants meeting the requirements for licensure without requiring examination. The stipulations regarding this temporary license are set forth below. The purpose of this notice is to bring to the attention of the insurance industry, including applicants, agents, and insurers, that the Commissioner has determined that it is in the public interest to issue temporary resident producer licenses during the period covered by the Executive Orders concerning the corona virus (COVID-19) emergency issued by Governor Lamont. This notice establishes the process to apply for, and the criteria for issuance of, a temporary resident producer license. Qualifications of Applicants for a Temporary Insurance Producer License
Duties of Insurer or Responsible Licensed Producer The insurer must maintain a record of all producers operating under a temporary license and business transacted by them. Insurers should assist producers with moving through the examination and background check process more quickly once the current State of Emergency has been lifted. The Insurance Commissioner may require the temporary insurance producer to have a responsible licensed producer or insurer who assumes responsibility for all acts of the temporary licensee and may impose other similar requirements designed to protect the insureds and public. Limitation of Temporary Insurance Producer License
How to Apply for a Temporary Insurance Producer License
Upon receipt, the Department will review the passed exam information and update expiration date to appropriate birth month expiration and will send an email confirmation. What is a temporary producer license Illinois?§ 500-65. Temporary insurance producer license for an applicant. (a) The Director may grant a temporary insurance producer license to an applicant for an insurance producer license, without requiring an examination, for a period of 90 days, when the applicant otherwise meets the requirements of this Article.
How long is a temporary insurance license valid in NY?The sponsoring insurance company must apply for the permit on behalf of the adjuster. Both residents of New York and non-residents may obtain a Temporary Adjuster Permit. A temporary permit will be issued: for no more than 120 days, unless renewed.
Which of the following does not apply to the Florida replacement rule?Which of the following situations does NOT apply to the Florida Replacement Rule? Florida's Replacement Rule applies to all of these situations EXCEPT "An existing policyholder purchases an additional policy from the same insurer".
Which of the following is not a required provision in a group life policy?Which provision is NOT a requirement in a group life policy? An AD&D provision is not required in a group life policy. The correct answer is "the entire cost of the plan is paid for by the employer".
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