[§431:9A-106] Application for license. [Section effective July 1, 2002.] (a) A person applying for a resident insurance producer license shall make application to the commissioner on the uniform application and declare under penalty of denial, suspension, or revocation of the license that the statements made in the application are true, accurate, and complete to the best of the applicant's knowledge and belief. Before approving the application, the commissioner shall find that the applicant:
(1) Is at least eighteen years of age;
(2) Has not committed any act that is a ground for a licensure sanction set forth in section 431:9A-112;
(3) Has paid the applicable fee set forth in section 431:7-101; and
(4) Has successfully passed the applicable examination for each line of authority for which the applicant has applied.
(b) A business entity acting as an insurance producer is required to obtain an insurance producer license. Application shall be made using the uniform business entity application. Before approving the application, the commissioner shall find that:
(1) The business entity has paid the applicable fee set forth in chapter 431 or 432; and
(2) The business entity has designated a licensed producer responsible for the business entity's compliance with the insurance laws and rules of this State.
(c) The commissioner may require any documents reasonably necessary to verify the information contained in an application.
(d) Each insurer that sells, solicits, or negotiates any form of limited line credit insurance shall provide to each person whose duties will include selling, soliciting, or negotiating limited line credit insurance a program of instruction that may be approved by the commissioner. [L 2001, c 216, pt of §2]