[§431:9A-111]  Temporary licensing.  (a) The commissioner may issue a temporary insurance producer license for a periodnot to exceed one hundred eighty days without requiring an examination if thecommissioner deems that the temporary license is necessary for the servicing ofan insurance business in the following cases:

(1)  To the surviving spouse or court-appointedpersonal representative of a licensed insurance producer who dies or becomesmentally or physically disabled to allow adequate time for the sale of theinsurance business owned or controlled by the producer or for the recovery orreturn of the producer to the business or to provide for the training andlicensing of new personnel to operate the producer's business;

(2)  To a member or employee of a business entitylicensed as an insurance producer, upon the death or disability of anindividual designated in the business entity application or the license;

(3)  To the designee of a licensed insurance producerentering active service in the armed forces of the United States of America; or

(4)  In any other circumstance where the commissionerdeems that the public interest will best be served by the issuance of thistemporary license.

(b)  The commissioner may by order limit theauthority of any temporary licensee in any way deemed necessary to protectinsureds and the public.  The commissioner may require the temporary licenseeto have a suitable sponsor who is a licensed producer or insurer and whoassumes responsibility for all acts of the temporary licensee.  Thecommissioner may impose other similar requirements designed to protect insuredsand the public.  The commissioner may by order suspend or revoke a temporarylicense if the interest of insureds or the public are endangered.  A temporarylicense may not continue after the owner, the personal representative, or theperson controlling the business disposes of the business. [L 2001, c 216, pt of§2]