56-22-113 - Licensing requirements Requirements of managing general agents.
56-22-113. Licensing requirements Requirements of managing general agents.
(a) A person shall not sell, solicit or negotiate insurance covering those risks listed under § 56-22-106(a), unless the person is licensed to sell property insurance under chapter 6, part 1 of this title.
(b) A person shall not sell, solicit or negotiate insurance covering those risks listed under § 56-22-106(b), unless the person is licensed to sell casualty insurance under chapter 6, part 1 of this title.
(c) Any person that seeks to enter into a contract for the exclusive or dominant right to manage or control a county mutual insurance company shall be considered the managing general agent of the county mutual insurance company and shall comply with the requirements that apply to managing general agents under chapter 6, part 5 of this title.
[Acts 2006, ch. 689, §§ 3, 16.]