2003 -- H 6019
A N A C T
RELATING TO INSURANCE -- PRODUCER LICENSING ACT
Introduced By: Representatives Long, and Story
Date Introduced: February 12, 2003
It is enacted by the General Assembly as follows:
SECTION 1. Section 27-2.4-17 of the General Laws in Chapter 27-2.4 entitled "Producer
Licensing Act" is hereby amended to read as follows:
Reciprocity. -- (a) The insurance commissioner shall
fees for an insurance
producer license or related service to a person not residing in this state
based on section 27-2.4-4. waive any
requirements for a nonresident license applicant with a valid license from
his or her home state, except the requirements imposed by section 27-2.4-10, if the applicant’s
home state awards nonresident licenses to residents of this state on the same basis.
(b) A nonresident insurance producer's satisfaction of his or her home state's continuing
education requirements for licensed insurance producers shall constitute satisfaction of this state's
continuing education requirements if the nonresident insurance producer's home state recognizes
the satisfaction of its continuing education requirements imposed upon insurance producers from
this state on the same basis.
SECTION 2. This act shall take effect upon passage.