(1) a written application by the person to be certified in such form
and containing such information the superintendent prescribes; and
(2) a statement executed by an officer of the insurer or the savings
bank which is to be named in such certificate, that the insurer or bank
is satisfied that the applicant is trustworthy and competent to
negotiate for applications or orders for life insurance or annuity
contracts and to solicit and procure from the public such applications
or orders.
(b) (1) In order to determine trustworthiness and competency, the
applicant shall be required to pass a personal written examination to
the satisfaction of the superintendent. Such examination shall be held
at times and places set by the superintendent. Every individual taking
any such examination shall pay to the superintendent, or at the
superintendent's discretion, directly to any organization that is under
contract to provide examination services, an examination fee of an
amount which is the actual documented administrative cost of conducting
said qualifying examination as certified by the superintendent from time
to time. An examination fee represents an administrative expense and is
not refundable.
(2) No individual shall be qualified to take the examination unless he
possesses the same qualifications regarding insurance course
requirements as those required pursuant to subparagraph (A) of paragraph
two of subsection (f) of section two thousand one hundred three of this
chapter for agent licensing pursuant to such section.
(3) The superintendent may accept, in lieu of the examination required
by paragraph one hereof, the result of any previous written examination
given by him which in his judgment is equivalent to the examination for
which it is substituted.
(c) The superintendent may refuse to certify any person if, in his
judgment, such person is not trustworthy and competent, or has failed to
comply with any prerequisite for the issuance of such certificate.
(d) The superintendent may issue a replacement for a currently in
force certificate which has been lost or destroyed. Before such
replacement certificate shall be issued, there shall be on file in the
office of the superintendent a written application for such replacement
certificate, affirming under penalty of perjury that the original
certificate has been lost or destroyed, together with a fee of fifteen
dollars.