§ 58-33-40. Appointment of agents.
§ 58‑33‑40. Appointment of agents.
(a) Except as providedin subsection (b) of this section, no individual who holds a valid insuranceagent's license issued by the Commissioner shall, either directly or for aninsurance agency, solicit, negotiate, or otherwise act as an agent for aninsurer by which the individual has not been appointed.
(b) Any insurerauthorized to transact business in this State may appoint as its agent anyindividual who holds a valid agent's license issued by the Commissioner. To appointan individual as its agent, the appointing insurer shall file, in a formatapproved by the Commissioner, a notice of appointment within 15 days after thedate the first insurance application is submitted. The individual shall beauthorized to act as an agent for the appointing insurer for the kinds ofinsurance for which the insurer is authorized in this State and for which theappointed agent is licensed in this State, unless specifically limited. Forpurposes of determining the number of appointments for an agent, there shall beone appointment for each kind of insurance for which the appointed agent islicensed in this State, unless specifically limited.
(c) Repealed by SessionLaws 2009‑566, s. 9, effective August 28, 2009.
(d) Every insurer shallremit in a manner prescribed by the Commissioner the appointment fee specifiedin G.S. 58‑33‑125 for each appointed agent.
(e) An appointmentshall continue in effect as long as the appointed agent is properly licensedand the appointing insurer is authorized to transact business in this State,unless the appointment is cancelled.
(f) Prior to April 1of each year, every insurer shall remit in a manner prescribed by theCommissioner the renewal appointment fee specified in G.S. 58‑33‑125.
(g) Any agent licensein effect on February 1, 1988, shall be deemed to be an appointment for theunexpired term of that license.
(h) Repealed by SessionLaws 2009‑566, s. 9, effective August 28, 2009. (1987, c. 629, s. 1; 2001‑203,s. 14; 2009‑383, s. 3; 2009‑566, ss. 7‑9.)