11 NCAC 06A .0412. APPOINTMENT OF AGENT: RESPONSIBILITY OF COMPANY

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Before appointing an agent, an insurance company shall determine that:

(1) The agent holds the proper license for each kind of authority for which the agent will be appointed; and

(2) The agent has not committed any act that is a ground for probation, suspension, nonrenewal, or revocation set forth in G.S. 58-33-46.

History Note: Authority G.S. 58‑2‑40; 58‑33‑40; 58-33-46; 18 U.S.C. 1033;

Eff. February 1, 1989;

Amended Eff. April 1, 2003; October 1, 1990.

                    
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