20-286

20-286. Licensure; lines of authority

A. Unless the director denies a license pursuant to section 20-295, the director
shall issue a resident insurance producer license to any person who meets the
requirements prescribed in sections 20-284 and 20-285. An insurance producer may qualify
for a license in one or more of the following lines of authority:

1. Life. Life insurance is coverage on human lives, including benefits of endowment
and annuities, and may include benefits in the event of death or dismemberment by
accident and benefits for disability income.

2. Accident and health or sickness. Accident and health or sickness insurance is
coverage for sickness, bodily injury or accidental death and may include benefits for
disability income.

3. Property. Property insurance is coverage for the direct or consequential loss or
damage to property of every kind.

4. Casualty. Casualty insurance is coverage against legal liability, including
liability for death, injury, disability or damage to real or personal property.

5. Variable life and variable annuity products. Variable life and variable annuity
is insurance coverage that is provided under a variable life insurance contract or a
variable annuity.

6. Personal lines. Personal lines is property and casualty insurance coverage that
is sold to individuals and families for primarily noncommercial purposes.

7. Credit. Credit insurance is limited line credit insurance.

8. Any other line of insurance allowed under state law or rules adopted by the
director.

B. The license shall contain the licensee's name, address and identification
number, the date of issuance, the lines of authority, the expiration date and any other
information the director deems necessary. The director may make the information
prescribed by this section available electronically.

C. A licensee shall inform the director in writing within thirty days of any change
in the licensee's:

1. Residential or business address.

2. Members, directors, officers or designated producer. The director may require
that a licensee who notifies the director of a change pursuant to this paragraph submit a
full set of fingerprints of each new member, director, officer or designated producer to
the director for the purpose of obtaining a state and federal criminal records check
pursuant to section 41-1750 and Public Law 92-544. The department of public safety may
exchange this fingerprint data with the federal bureau of investigation.

3. Name.

D. In order to assist in the performance of the director's duties, the director may
contract with a third party to perform any ministerial functions that are related to
producer licensing and that the director deems appropriate, including the collection of
fees.