11 NCAC 13 .0410             SALESMEN TO BE LICENSED INSURANCE AGENTS

Any person acting in the capacity of employee, agent or salesman who solicits or sells a motor club membership shall be a licensed insurance agent if the membership contract includes a contract of insurance to the member.  Such employee, agent, or salesman shall be licensed with the same insurance company that issues such contract of insurance.  As an alternative, a person who solicits or sells motor club memberships that include a contract of insurance may hold a limited license in accordance with G.S. 58-33-25(e)(6), and the motor club for which the person sells memberships shall make the application for the limited license of that person.

 

History Note:        Authority G.S. 58-2-40; 58-69-20(5);

Eff. February 1, 1976;

Readopted Eff. January 1, 1978;

Amended Eff. April 8, 2002; July 1, 1986;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. June 25, 2016.