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RSA 402-J:11 · Temporary Licensing

Title
XXXVII: INSURANCE
Chapter
402-J · PRODUCER LICENSING
Status
current
Official source linked
Yes
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402-J:11 Temporary Licensing. –

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I.

The commissioner may issue a temporary insurance producer license for a period not to exceed 180 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:

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(a)

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.

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(b)

To the designee of a licensed insurance producer entering active service in the armed forces of the United States of America.

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(c)

In any other circumstance where the commissioner deems that the public interest will best be served by the issuance of a license.

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II.

The commissioner may by order 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 by order revoke a temporary license if the interest of insureds or the public are endangered. A temporary license may not continue after the owner or the personal representative disposes of the business. Source. 2000, 315:1. 2001, 95:1, eff. Aug. 20, 2001.

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Source note

Source. 2000, 315:1. 2001, 95:1, eff. Aug. 20, 2001.

Source history

  • 2000, 315:1
  • 2001, 95:1, eff. Aug. 20, 2001

Related materials

Bill relationships

  • 2026 HB1491 related · effective 2029-07-01

    ?RSA 400-A:17 through RSA 400-A:24, relative to hearings and appeals; (c) ? RSA 400-A:37, relative to examinations; (d) ?RSA 402-B, relative to insurance claims adjusters; (e) ?RSA 402-J, relative to producer licensing; (f) ?RSA 417:1 through 417:31, relative to unfair trade practices and fraud investigations; and (g) RSA 420-G:11, II, II-a, and IV, relative to the submission of claims data to the de

  • 2026 SB614-FN related · effective 2027-07-01

    gs and appeals; (c) RSA 400-A:37, relative to examinations; (d) RSA 402-B relative to insurance claims adjusters; (e) RSA 402-H relative to third-party administrators; (f) RSA 402-J, relative to producer licensing; and (g) RSA 417:1 through 417:31 relative to unfair trade practices and fraud investigations. IV. This section does not apply to or provide exemptions for insurance companies issuing