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2008 SESSION

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HB 542 Insurance agents; notice of appointment. 

Introduced by: Samuel A. Nixon, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Insurance agents; notice of appointment.  Requires the insurer, rather than the State Corporation Commission, to notify an appointed agent of the status of his appointment.  The notice shall be given within five business days of the insurer's receipt of notice from the Commission that the appointment of the agent is valid or invalid.  An agent is prohibited from selling or soliciting insurance after receiving notice of an invalid appointment.


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