As used in this part, unless the context otherwise requires:
(1) Business entity means a corporation, association, partnership, limited liability company, limited liability partnership, or other legal entity;
(2) Commissioner means the commissioner of commerce and insurance;
(3) Department means the department of commerce and insurance;
(4) Home state means any state or territory of the United States and the District of Columbia in which an insurance producer maintains a principal place of residence or principal place of business and is licensed to act as an insurance producer;
(5) Insurance means any of the lines of authority in § 56-2-201;
(6) Insurance producer means a person required to be licensed under the laws of this state to sell, solicit or negotiate insurance;
(7) Insurer means any insurance company authorized to transact insurance business in this state;
(8) License means a document issued by this state's commissioner authorizing a person to act as an insurance producer for the lines of authority specified in the document. The license itself does not create any authority, actual, apparent or inherent, in the holder to represent or commit an insurance carrier;
(9) Limited line credit insurance includes credit life, credit disability, credit property, credit unemployment, involuntary unemployment, mortgage life, mortgage guaranty, mortgage disability, guaranteed automobile protection (gap) insurance, and any other form of insurance offered in connection with an extension of credit that is limited to partially or wholly extinguishing that credit obligation that the commissioner determines should be designated a form of limited line credit insurance;
(10) Limited line credit insurance producer means a person who sells, solicits or negotiates one or more forms of limited line credit insurance coverage to individuals through a master, corporate, group or individual policy;
(11) Limited lines insurance means those lines of insurance defined in § 56-6-110 or any other line of insurance that the commissioner deems necessary to recognize for the purposes of complying with § 56-6-108(e);
(12) Limited lines producer means a person authorized by the commissioner to sell, solicit or negotiate limited lines insurance;
(13) NAIC means the National Association of Insurance Commissioners;
(14) Negotiate means the act of conferring directly with or offering advice directly to a purchaser or prospective purchaser of a particular contract of insurance concerning any of the substantive benefits, terms or conditions of the contract; provided, that the person engaged in that act either sells insurance or obtains insurance from insurers for purchasers;
(15) Person means an individual or a business entity;
(16) Sell means to exchange a contract of insurance by any means, for money or its equivalent, on behalf of an insurance company;
(17) Solicit means attempting to sell insurance or asking or urging a person to apply for a particular kind of insurance from a particular company;
(18) Surplus lines producer means a person authorized by the commissioner to sell, solicit or negotiate surplus lines insurance pursuant to the Surplus Lines Insurance Act, compiled in chapter 14 of this title. The person shall have the same authority given to a surplus lines agent licensed under the Surplus Lines Insurance Act;
(19) Terminate means the cancellation of the relationship between an insurance producer and the insurer or the termination of a producer's authority to transact insurance;
(20) Uniform application means the current version of the NAIC uniform application for resident and nonresident producer licensing; and
(21) Uniform business entity application means the current version of the NAIC uniform business entity application for resident and nonresident business entities.
As used in this part, unless the context otherwise requires:
(1) Business entity means a corporation, association, partnership, limited liability company, limited liability partnership, or other legal entity;
(2) Commissioner means the commissioner of commerce and insurance;
(3) Department means the department of commerce and insurance;
(4) Home state means any state or territory of the United States and the District of Columbia in which an insurance producer maintains a principal place of residence or principal place of business and is licensed to act as an insurance producer;
(5) Insurance means any of the lines of authority in § 56-2-201;
(6) Insurance producer means a person required to be licensed under the laws of this state to sell, solicit or negotiate insurance;
(7) Insurer means any insurance company authorized to transact insurance business in this state;
(8) License means a document issued by this state's commissioner authorizing a person to act as an insurance producer for the lines of authority specified in the document. The license itself does not create any authority, actual, apparent or inherent, in the holder to represent or commit an insurance carrier;
(9) Limited line credit insurance includes credit life, credit disability, credit property, credit unemployment, involuntary unemployment, mortgage life, mortgage guaranty, mortgage disability, guaranteed automobile protection (gap) insurance, and any other form of insurance offered in connection with an extension of credit that is limited to partially or wholly extinguishing that credit obligation that the commissioner determines should be designated a form of limited line credit insurance;
(10) Limited line credit insurance producer means a person who sells, solicits or negotiates one or more forms of limited line credit insurance coverage to individuals through a master, corporate, group or individual policy;
(11) Limited lines insurance means those lines of insurance defined in § 56-6-110 or any other line of insurance that the commissioner deems necessary to recognize for the purposes of complying with § 56-6-108(e);
(12) Limited lines producer means a person authorized by the commissioner to sell, solicit or negotiate limited lines insurance;
(13) NAIC means the National Association of Insurance Commissioners;
(14) Negotiate means the act of conferring directly with or offering advice directly to a purchaser or prospective purchaser of a particular contract of insurance concerning any of the substantive benefits, terms or conditions of the contract; provided, that the person engaged in that act either sells insurance or obtains insurance from insurers for purchasers;
(15) Person means an individual or a business entity;
(16) Sell means to exchange a contract of insurance by any means, for money or its equivalent, on behalf of an insurance company;
(17) Solicit means attempting to sell insurance or asking or urging a person to apply for a particular kind of insurance from a particular company;
(18) Surplus lines producer means a person authorized by the commissioner to sell, solicit or negotiate surplus lines insurance pursuant to the Surplus Lines Insurance Act, compiled in chapter 14 of this title. The person shall have the same authority given to a surplus lines agent licensed under the Surplus Lines Insurance Act;
(19) Terminate means the cancellation of the relationship between an insurance producer and the insurer or the termination of a producer's authority to transact insurance;
(20) Uniform application means the current version of the NAIC uniform application for resident and nonresident producer licensing; and
(21) Uniform business entity application means the current version of the NAIC uniform business entity application for resident and nonresident business entities.
As used in this part, unless the context otherwise requires:
(1) Business entity means a corporation, association, partnership, limited liability company, limited liability partnership, or other legal entity;
(2) Commissioner means the commissioner of commerce and insurance;
(3) Department means the department of commerce and insurance;
(4) Home state means any state or territory of the United States and the District of Columbia in which an insurance producer maintains a principal place of residence or principal place of business and is licensed to act as an insurance producer;
(5) Insurance means any of the lines of authority in § 56-2-201;
(6) Insurance producer means a person required to be licensed under the laws of this state to sell, solicit or negotiate insurance;
(7) Insurer means any insurance company authorized to transact insurance business in this state;
(8) License means a document issued by this state's commissioner authorizing a person to act as an insurance producer for the lines of authority specified in the document. The license itself does not create any authority, actual, apparent or inherent, in the holder to represent or commit an insurance carrier;
(9) Limited line credit insurance includes credit life, credit disability, credit property, credit unemployment, involuntary unemployment, mortgage life, mortgage guaranty, mortgage disability, guaranteed automobile protection (gap) insurance, and any other form of insurance offered in connection with an extension of credit that is limited to partially or wholly extinguishing that credit obligation that the commissioner determines should be designated a form of limited line credit insurance;
(10) Limited line credit insurance producer means a person who sells, solicits or negotiates one or more forms of limited line credit insurance coverage to individuals through a master, corporate, group or individual policy;
(11) Limited lines insurance means those lines of insurance defined in § 56-6-110 or any other line of insurance that the commissioner deems necessary to recognize for the purposes of complying with § 56-6-108(e);
(12) Limited lines producer means a person authorized by the commissioner to sell, solicit or negotiate limited lines insurance;
(13) NAIC means the National Association of Insurance Commissioners;
(14) Negotiate means the act of conferring directly with or offering advice directly to a purchaser or prospective purchaser of a particular contract of insurance concerning any of the substantive benefits, terms or conditions of the contract; provided, that the person engaged in that act either sells insurance or obtains insurance from insurers for purchasers;
(15) Person means an individual or a business entity;
(16) Sell means to exchange a contract of insurance by any means, for money or its equivalent, on behalf of an insurance company;
(17) Solicit means attempting to sell insurance or asking or urging a person to apply for a particular kind of insurance from a particular company;
(18) Surplus lines producer means a person authorized by the commissioner to sell, solicit or negotiate surplus lines insurance pursuant to the Surplus Lines Insurance Act, compiled in chapter 14 of this title. The person shall have the same authority given to a surplus lines agent licensed under the Surplus Lines Insurance Act;
(19) Terminate means the cancellation of the relationship between an insurance producer and the insurer or the termination of a producer's authority to transact insurance;
(20) Uniform application means the current version of the NAIC uniform application for resident and nonresident producer licensing; and
(21) Uniform business entity application means the current version of the NAIC uniform business entity application for resident and nonresident business entities.
