§431:9A-108  Nonresident licensing.  (a) Except as provided in section 431:9A-112, a nonresident applicant shall receivea nonresident producer license if:

(1)  The applicant is currently licensed as a residentand is in good standing in the applicant's home state;

(2)  The applicant has submitted the proper requestfor licensure and has paid the fees required by section 431:7-101;

(3)  The applicant has submitted or transmitted to thecommissioner the application for licensure that the applicant submitted to theapplicant's home state, or in lieu of the same, a completed uniformapplication; and

(4)  The applicant's home state awards nonresidentproducer licenses to residents of this State on the same basis.

(b)  The commissioner may verify the producer'slicensing status through the producer database maintained by the NationalAssociation of Insurance Commissioners, its affiliates, or subsidiaries.

(c)  A nonresident producer who moves from onestate to another state or a resident producer who moves from this State toanother state shall file a change of address with the commissioner and shallprovide certification from the new resident state within thirty days of thechange of legal residence.  No fee or license application shall be required.  Failure to timely inform the commissioner of a change in address shall resultin a penalty pursuant to section 431:2-203.

(d)  Notwithstanding any other provision ofthis article, an applicant licensed as a surplus lines producer in theapplicant's home state shall receive a surplus lines broker license if:

(1)  The applicant complies with subsection (a); and

(2)  The applicant's home state issues nonresidentsurplus lines broker licenses to residents of this State on the same basis.

(e)  Notwithstanding any other provision ofthis article, an applicant licensed as a limited line credit insurance produceror other type of limited lines producer in the person's home state shallreceive a nonresident limited lines producer license, pursuant to subsection(a), granting the same scope of authority as granted under the license issuedby the producer's home state.  Limited lines insurance authority is anyauthority granted by the home state, that restricts the authority of thelicense to less than the total authority prescribed in the associated majorlines pursuant to section 431:9A-107(a)(1) through (5). [L 2001, c 216, pt of§2; am L 2003, c 212, §62; am L 2006, c 154, §28]