(a) A person applying for a resident insurance producer license shall make application to the commissioner on the uniform application and declare under penalty of refusal, suspension or revocation of the license that the statements made in the application are true, correct and complete to the best of the individual’s knowledge and belief. The commissioner shall not approve the application unless the commissioner finds that the individual (1) is at least eighteen years of age; (2) has not committed any act that is a ground for denial, suspension or revocation set forth in § 38a-702k; (3) has completed, where required by the commissioner, a prelicensing course of study for the lines of authority for which the person has applied; (4) has paid the fees set forth in § 38a-11; and (5) has successfully passed the examinations for the lines of authority for which the person has applied.

Terms Used In Connecticut General Statutes 38a-702e

  • Business entity: means a corporation, association, partnership, limited liability company, limited liability partnership, or other legal entity. See Connecticut General Statutes 38a-702a
  • Commissioner: means the Insurance Commissioner. See Connecticut General Statutes 38a-702a
  • Insurance: means any of the lines of authority contained in this title. See Connecticut General Statutes 38a-702a
  • License: means a document issued by the commissioner authorizing a person to act as an insurance producer for the lines of authority specified in the document. See Connecticut General Statutes 38a-702a
  • Limited line credit insurance: includes credit life, credit disability, credit property, credit unemployment, involuntary unemployment, mortgage life, mortgage guaranty, mortgage disability, guaranteed automobile protection 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. See Connecticut General Statutes 38a-702a
  • Limited lines producer: means a person authorized by the commissioner to sell, solicit or negotiate limited lines insurance. See Connecticut General Statutes 38a-702a
  • Person: means an individual or a business entity. See Connecticut General Statutes 38a-702a
  • producer: means a person required to be licensed under the laws of this state to sell, solicit or negotiate insurance. See Connecticut General Statutes 38a-702a
  • State: means any state, district, or territory of the United States. See Connecticut General Statutes 38a-1
  • Uniform application: means the National Association of Insurance Commissioners uniform application for resident and nonresident producer licensing, as amended from time to time. See Connecticut General Statutes 38a-702a
  • Uniform business entity application: means the National Association of Insurance Commissioners uniform business entity application for resident and nonresident business entities, as amended from time to time. See Connecticut General Statutes 38a-702a

(b) A business entity acting as an insurance producer shall obtain an insurance producer license. Application shall be made using the uniform business entity application. The commissioner shall not approve the application unless the commissioner finds that (1) the business entity has paid the fees set forth in § 38a-11; and (2) the business entity has designated a licensed producer responsible for the business entity’s compliance with the insurance laws, rules and regulations of this state.

(c) The commissioner may require the applicant to submit any documents reasonably necessary to verify the information contained in an application.

(d) Each insurer that sells, solicits or negotiates any form of limited line credit insurance shall provide to each individual whose duties will include selling, soliciting or negotiating limited line credit insurance a program of instruction that may be approved by the commissioner.

(e) Each applicant for an insurance producer license shall, before being admitted to an examination under subsection (a) of this section, prove to the satisfaction of the commissioner that such applicant meets one of the following prerequisites: (1) Successful completion of a course approved by the commissioner requiring not less than twenty hours for each line of insurance for which the applicant is applying to be licensed; or (2) equivalent experience or training as determined by the commissioner.

(f) The commissioner may waive the requirement for examination for any applicant who, at any time within the year preceding the date of application for an insurance producer license, was licensed in this state under a license of the same type as the license applied for.

(g) Notwithstanding any provision of chapter 702 or sections 38a-702a to 38a-702r, inclusive, no examination or prelicensing education shall be required of an applicant for a limited lines producer license.

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