[§431:9A-112.5]  Controlled business. 
(a)  The commissioner shall neither grant nor extend a producer's license to
any person if the commissioner has reasonable cause to believe that:



(1)  In the case of an application for license
extension, during either of the two calendar years immediately preceding the
extension date of the license, the aggregate amount of premiums on insurance
represented by controlled business exceeded the aggregate amount of premiums on
all other insurance business of the licensee; or



(2)  The circumstances of the applicant for license
issuance or extension are such as to cause the commissioner reasonably to
believe that during the twelve-month period that would immediately follow the
issuance or extension of the license, if granted, the aggregate amount of
premiums on controlled business would exceed the aggregate amount of premiums
on all other insurance business of the applicant.



(b)  "Controlled business" means
insurance procured or to be procured by or through a licensee upon:



(1)  The licensee's own life, person, property, or
risks, or those of the licensee's immediate family; or



(2)  The life, person, property, or risks of the
licensee's employer or partnership, of which the licensee or a member of the
licensee's immediate family is an officer, director, substantial stockholder,
partner, associate, or employee. [L 2002, c 155, pt of §3]