§ 58-30-152 — Issuance of insurance producer license--Permitted lines of authority.

Unless denied licensure pursuant to § 58-30-167 , any person who has met the requirements of §§ 58-30-145 to 58-30-151 , inclusive, shall be issued an insurance producer license. An insurance producer may receive qualification for a license in one or more of the following lines of authority: (1) Life--insurance coverage on human lives including benefits of endowment and annuities and may include benefits in the event of death or dismemberment by accident and benefits for disability income; (2) Accident and health or sickness--insurance coverage for sickness, bodily injury, or accidental death and may include benefits in the event of death or dismemberment by accident and for disability income; (3) Property--insurance coverage for the direct or consequential loss or damage to property of every kind; (4) Casualty--insurance coverage against legal liability, including that for death, injury, or disability, damage to real or personal property, or fidelity and surety bonds; (5) Variable life and variable annuity products--insurance coverage provided under variable life insurance contracts and variable annuities; (6) Personal lines--property and casualty insurance coverage sold to individuals and families for primarily noncommercial purposes; (7) Limited lines; (8) Any other line of insurance permitted under state laws or rules.

Legislative History

SL 2001, ch 286, § 12; SL 2010, ch 233, § 12.