§ 1638.5. — 1638.5. (Amended by Stats. 2021, Ch. 133, Sec. 3.)

California § 1638.5.

• Jurisdiction: California
• Code INS: Insurance Code - INS
• Div. 1.: DIVISION 1. GENERAL RULES GOVERNING INSURANCE
• Part 2.: PART 2. THE BUSINESS OF INSURANCE
• Ch. 5.: CHAPTER 5. Production Agencies
• Art. 3.: ARTICLE 3. Licensing

Text

Unless denied licensure pursuant to Article 6 (commencing with Section 1666), a nonresident person shall receive a production agency license if that nonresident person meets the following requirements:
(a)
The person is currently licensed and in good standing in the state, territory of the United States, or province of Canada in which the person is licensed as a resident producer.
(b)
The person has submitted the proper request for licensure and has paid the fees required by Section 1750.5.
(c)
The person has submitted or transmitted to the Insurance Commissioner
the application for licensure that the person submitted to the state, territory of the United States, or province of Canada in which the person is licensed as a resident, or submitted or transmitted to the commissioner, a completed National Association of Insurance Commissioners (NAIC) Uniform Nonresident Application.
(d)
The state, territory of the United States, or province of
Canada in which the person holds a resident producer license awards nonresident producer licenses to residents of this state on the same basis.

Legislative History

Amended by Stats. 2021, Ch. 133, Sec. 3. (SB 272) Effective July 23, 2021.