11 NCAC 06A .0412          APPOINTMENT OF AGENT: RESPONSIBILITY OF COMPANY

Before appointing an agent, an insurance company shall determine that:

(1)           The agent holds the proper license for each kind of authority for which the agent will be appointed; and

(2)           The agent has not committed any act that is a ground for probation, suspension, nonrenewal, or revocation set forth in G.S. 58-33-46.

 

History Note:        Authority G.S. 58‑2‑40; 58‑33‑40; 58-33-46; 18 U.S.C. 1033;

Eff. February 1, 1989;

Amended Eff. April 1, 2003; October 1, 1990.