Connecticut General Statutes
Chapter 701a - Insurance Producers, Agents and Third-Party Administrators
Section 38a-702n. - Reciprocity.

(a) The commissioner shall waive any prelicensing requirements, except the requirements imposed by section 38a-702g, for a nonresident license applicant with a valid license from the applicant's home state if the applicant's home state awards nonresident licenses to residents of this state on the same basis.

(b) A nonresident producer's satisfaction of the producer's home state's continuing education requirements for licensed insurance producers shall constitute satisfaction of this state's continuing education requirements if the nonresident producer's home state recognizes the satisfaction of its continuing education requirements imposed upon producers from this state on the same basis.
(P.A. 01-113, S. 14, 42.)
History: P.A. 01-113 effective September 1, 2002.

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Structure Connecticut General Statutes

Connecticut General Statutes

Title 38a - Insurance

Chapter 701a - Insurance Producers, Agents and Third-Party Administrators

Section 38a-702. (Formerly Sec. 38-69). - Definitions.

Section 38a-702a. - Definitions.

Section 38a-702b. - Producer license required.

Section 38a-702c. - Exceptions to licensing requirement.

Section 38a-702d. - Examinations. Fees.

Section 38a-702e. - Application for license. Examination. Waiver of examination requirement. Exception for limited lines producers.

Section 38a-702f. - Producer licenses. Reinstatement. Waivers. Notice to commissioner re change in information. Commissioner authorized to contract for performance of ministerial functions re licensing.

Section 38a-702g. - Nonresident licenses.

Section 38a-702h. - Exemption from examination. Requirements for producers in other states who become residents of Connecticut. Waiver of examination for certain chartered underwriters.

Section 38a-702i. - Notice to commissioner re use of assumed name.

Section 38a-702j. - Temporary producer licenses.

Section 38a-702k. - Denial, nonrenewal or revocation of producer licenses. Hearings. Penalties.

Section 38a-702l. - Producer commissions.

Section 38a-702m. - Agent appointments. Fees.

Section 38a-702n. - Reciprocity.

Section 38a-702o. - Producer to report administrative actions and criminal prosecutions to commissioner.

Section 38a-702p. - Regulations.

Section 38a-702q. - Applicability of provisions.

Section 38a-702r. - Construction. Provisions not applicable to bail bond or title insurance.

Section 38a-702s. - Additional grounds for denial of producer licenses.

Section 38a-702t. - Banking Commissioner to provide list of certain registrants and registration denials, suspensions and revocations. Consideration of denial, suspension or revocation for producer license application and current producer licensure....

Section 38a-703. (Formerly Sec. 38-70). - Soliciting business for unlicensed insurance or surety company prohibited.

Section 38a-704. (Formerly Sec. 38-71). - Penalty for acting as insurance producer without license.

Section 38a-705. (Formerly Sec. 38-73). - Exemption of fraternal benefit societies.

Section 38a-706. (Formerly Sec. 38-75). - Sharing commission.

Section 38a-707. (Formerly Sec. 38-75a). - Producer service fees and commissions limited. Exemption for registration under the federal Investment Advisers Act. Disclosures.

Section 38a-707a. - Producer compensation. Disclosure and customer acknowledgment.

Section 38a-707b. - Disclosure of producer fees and compensation upon request of municipality or board of education.

Section 38a-708. (Formerly Sec. 38-76a). - Company to furnish facts relative to termination of agent's appointment. False statement sole grounds for cause of action by agent.

Section 38a-709. (Formerly Sec. 38-76b). - Termination of producer's appointment and contract.

Section 38a-710. (Formerly Sec. 38-76d). - Insurers prohibited from cancelling or amending contract of independent producer solely because of adverse underwriting experience.

Section 38a-711. (Formerly Sec. 38-92). - Payment of commissions to unlicensed persons.

Section 38a-712. (Formerly Sec. 38-92a). - Report of failure of producer to remit premiums and of checks returned for insufficient funds or otherwise dishonored. Suspension of producer license.

Section 38a-713. (Formerly Sec. 38-89). - Signing or countersigning insurance policies in blank. Penalties.

Section 38a-714. (Formerly Sec. 38-90). - Personal liability of person acting on behalf of insurance company not licensed to do business in this state.

Section 38a-715. (Formerly Sec. 38-90a). - Payment by insured to producer as payment to company.

Section 38a-716. (Formerly Sec. 38-90b). - Premium advancing by producer. Cancellation of policy.

Section 38a-717. (Formerly Sec. 38-91). - Payment of commissions to producers.

Section 38a-718. (Formerly Sec. 38-76c). - Restrictions on negotiation of insurance incidental to extension of credit.

Section 38a-720. - Definitions.

Section 38a-720a. - License. Exemptions. Written agreement required.

Section 38a-720b. - Payments of premiums or charges to a third-party administrator.

Section 38a-720c. - Maintenance of and access to books and records. Examination, audit and inspection. Confidentiality of information.

Section 38a-720d. - Advertising.

Section 38a-720e. - Responsibilities of insurer or other person utilizing a third-party administrator.

Section 38a-720f. - Collection of premiums or charges. Payment of claims.

Section 38a-720g. - Compensation prohibitions.

Section 38a-720h. - Disclosures.

Section 38a-720i. - Delivery of written communications to insureds.

Section 38a-720j. - Surety bond required. Audited annual financial statements in lieu of bond. Application. License renewal.

Section 38a-720k. - Registration of certain persons not required to be licensed as third-party administrator.

Section 38a-720l. - License renewal filing.

Section 38a-720m. - Suspension or revocation of license.

Section 38a-720n. - Regulations.