15 USC 6752 – Purpose
The purpose of the Association shall be to provide a mechanism through which licensing, continuing education, and other nonresident insurance producer qualification requirements and conditions may be adopted and applied on a multi-state basis without affecting the laws, rules, and regulations, and preserving the rights of a State, pertaining to—
(1) licensing, continuing education, and other qualification requirements of insurance producers that are not members of the Association;
(2) resident or nonresident insurance producer appointment requirements;
(3) supervising and disciplining resident and nonresident insurance producers;
(4) establishing licensing fees for resident and nonresident insurance producers so that there is no loss of insurance producer licensing revenue to the State; and
(5) prescribing and enforcing laws and regulations regulating the conduct of resident and nonresident insurance producers.
Terms Used In 15 USC 6752
- association: when used in reference to a corporation, shall be deemed to embrace the words "successors and assigns of such company or association" in like manner as if these last-named words, or words of similar import, were expressed. See 1 USC 5
- State: means a State, the District of Columbia, the Commonwealth of Puerto Rico, or any other territory or possession of the United States. See 1 USC 7