§ 26.1-26-24 — Examination when partnership, limited liability partnership, corporation, or limited liability company is applicant

North Dakota § 26.1-26-24

• Jurisdiction: North Dakota
• Title 26.1: Insurance
• Ch. 26.1-26: Insurance Producers and Consultants

Text

or limited liability company is applicant.
Repealed by S.L. 2001, ch. 262, § 136.
26.1-26-25. Exceptions from examination.
The requirement for a written examination is subject to the following exceptions:
1. An individual who applies for an insurance producer license in this state who was
previously licensed for the same lines of authority in another state may not be required
to complete any prelicensing education or examination. This exemption is only
available if the person is currently licensed in that state or if the application is received
within ninety days of the cancellation of the applicant's previous license and if the prior
state issues a certification that, at the time of cancellation, the applicant was in good
standing in that state or the state's insurance producer database records, maintained
by the national association of insurance commissioners, its affiliates, or subsidiaries,
indicate that the insurance producer is or was licensed in good standing for the line of
authority requested.
2. A person licensed as an insurance producer in another state who moves to this state
shall make application within ninety days of establishing legal residence in this state to
become a resident licensee pursuant to section 26.1-26-13.2. A prelicensing education
or examination may not be required of that person to obtain any line of authority
previously held in the prior state unless the commissioner determines otherwise by
rule.
3. An applicant may be licensed without examination to market a specific product type if
the commissioner finds by rule the specific product type does not require the same
professional competency demanded for other product types.
4. An applicant for a license to write only a specific product type may be licensed subject
to reduced examination requirements if the commissioner finds by rule that the
requirements for licensure would otherwise be too burdensome and unrelated to that
specific product type.