§431:9-103 Subagent defined. (a) Subagent means any person appointed by a general agent, or by a domestic insurer upon compliance with section 431:9-102(b) to perform the following acts in this State:
(1) Solicit applications for insurance;
(2) Collect premiums on insurance so applied for or effectuated; and
(3) Any other lawful acts pursuant to this article.
(b) A person may be a subagent for any number of principals.
(c) A subagent must be empowered to appoint solicitors. [L 1987, c 347, pt of §2; am L 1988, c 97, §1]