41-1018 — APPOINTMENTS
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TITLE 41
INSURANCE
CHAPTER 10
PRODUCER LICENSING
41-1018. APPOINTMENTS. (1) An insurance producer shall not act as an
agent of an insurer unless the insurance producer becomes an appointed agent
of that insurer. An insurance producer who is not acting as an agent of an
insurer is not required to become appointed.
(2) To appoint a producer as its agent, the appointing insurer shall
file, in a format approved by the director, a notice of appointment within
fifteen (15) days from the date the agency contract is executed or the first
insurance application is submitted.
(3) Upon receipt of the notice of appointment, the director shall verify,
within a reasonable time not to exceed thirty (30) days, that the insurance
producer is eligible for appointment. If the insurance producer is determined
to be ineligible for appointment, the director shall notify the insurer within
five (5) days of his determination.