33-17-214. Issuance of license -- insurance producer lines of authority -- license data -- lapse of license -- change of address. (1) A person who has met the requirements of 33-17-211 and 33-17-212 must be issued a license, unless that person has been denied a license pursuant to 33-17-1001.
     (2) An insurance producer may receive a license qualifying the insurance producer in one or more of the following lines of authority:
     (a) life insurance coverage on human lives, including benefits of endowment and annuities, and the coverage may include benefits in the event of death or dismemberment by accident and benefits for disability income;
     (b) accident and health or sickness insurance coverage providing for sickness, bodily injury, or accidental death, and the coverage may provide benefits for disability income;
     (c) property insurance coverage for the direct or consequential loss or damage to property of every kind;
     (d) casualty insurance coverage against legal liability, including liability for death, injury, or disability or damage to real or personal property;
     (e) variable life and variable annuity products insurance coverage provided under variable life insurance contracts and variable annuities;
     (f) personal lines of property and casualty insurance coverage sold to individuals and families for primarily noncommercial purposes;
     (g) limited line credit insurance; or
     (h) any other line of insurance permitted under Title 33.
     (3) The license must state the name and address of the licensee, personal identification number, date of issuance, general conditions relative to expiration or termination, kind of insurance covered, and other information that the commissioner considers necessary.
     (4) The license of a partnership, corporation, or association must also state the name of each individual authorized to exercise the license powers.
     (5) Each license remains in effect, unless it is suspended, revoked, or terminated or the license lapses.
     (6) A person shall inform the commissioner in writing of a change of address within 30 days of the change.

     History: En. Sec. 159, Ch. 286, L. 1959; R.C.M. 1947, 40-3315; amd. Sec. 4, Ch. 345, L. 1979; amd. Sec. 24, Ch. 713, L. 1989; amd. Sec. 10, Ch. 316, L. 1999; amd. Sec. 5, Ch. 106, L. 2001; amd. Sec. 15, Ch. 427, L. 2003.