§431:8-310 Surplus lines broker license required; qualifications for license. (a) No person shall procure any contract of surplus lines insurance with an unauthorized insurer unless such person is licensed as a surplus lines broker.
(b) The commissioner shall issue a surplus lines broker license to any producer licensed under article 9A when the producer has:
(1) Remitted the annual license fee to the commissioner as provided in article 7; and
(2) Submitted a completed license application on a form furnished by the commissioner.
(c) Corporations, including foreign corporations, shall be eligible to be surplus lines brokers, upon the following conditions:
(1) The corporate licensee shall list individuals within the corporation who have satisfied all requirements of this part to become surplus lines brokers; and
(2) Only those individuals listed on the corporate license shall transact surplus lines business.
(d) Licensing procedure, duration, and related matters are governed by article 9A. [L 1987, c 347, pt of §2; am L 1993, c 205, §13; am L 2002, c 155, §17; am L 2004, c 122, §26]