58-33-40. Appointment of agents.
(a) Except as provided in subsection (b) of this section, no individual who holds a valid insurance agent's license issued by the Commissioner shall, either directly or for an insurance agency, solicit, negotiate, or otherwise act as an agent for an insurer by which the individual has not been appointed.
(b) Any insurer authorized to transact business in this State may appoint as its agent any individual who holds a valid agent's license issued by the Commissioner. To appoint an individual as its agent, the appointing insurer shall file, in a format approved by the Commissioner, a notice of appointment within 15 days after the date the first insurance application is submitted. The individual shall be authorized to act as an agent for the appointing insurer for the kinds of insurance for which the insurer is authorized in this State and for which the appointed agent is licensed in this State, unless specifically limited. For purposes of determining the number of appointments for an agent, there shall be one appointment for each kind of insurance for which the appointed agent is licensed in this State, unless specifically limited.
(c) Repealed by Session Laws 2009-566, s. 9, effective August 28, 2009.
(d) Every insurer shall remit in a manner prescribed by the Commissioner the appointment fee specified in G.S. 58-33-125 for each appointed agent.
(e) An appointment shall continue in effect as long as the appointed agent is properly licensed and the appointing insurer is authorized to transact business in this State, unless the appointment is cancelled.
(f) Prior to April 1 of each year, every insurer shall remit in a manner prescribed by the Commissioner the renewal appointment fee specified in G.S. 58-33-125.
(g) Any agent license in effect on February 1, 1988, shall be deemed to be an appointment for the unexpired term of that license.
(h) Repealed by Session Laws 2009-566, s. 9, effective August 28, 2009. (1987, c. 629, s. 1; 2001-203, s. 14; 2009-383, s. 3; 2009-566, ss. 7-9.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 33 - Licensing of Insurance Producers, Limited Representatives, and Adjusters.
§ 58-33-15 - Restricted license for overseas military agents.
§ 58-33-17 - Limited license for rental car companies.
§ 58-33-18 - Limited license for self-service storage companies.
§ 58-33-19 - Limited lines travel insurance.
§ 58-33-26 - General license requirements.
§ 58-33-27 - Claims handling for portable consumer electronic devices.
§ 58-33-30 - License requirements.
§ 58-33-31 - Application for license.
§ 58-33-32 - Interstate reciprocity in producer licensing.
§ 58-33-40 - Appointment of agents.
§ 58-33-46 - Suspension, probation, revocation, or nonrenewal of licenses.
§ 58-33-48 - Criminal history record checks.
§ 58-33-50 - Notices; loss of residency; duplicate licenses.
§ 58-33-56 - Notification to Commissioner of termination.
§ 58-33-60 - Countersignature and related laws.
§ 58-33-66 - Temporary licensing.
§ 58-33-70 - Special provisions for adjusters and motor vehicle damage appraisers.
§ 58-33-75 - Twisting with respect to insurance policies; penalties.
§ 58-33-76 - Referral of business to repair source; prohibitions.
§ 58-33-80 - Discrimination forbidden.
§ 58-33-85 - Rebates and charges in excess of premium prohibited; exceptions.
§ 58-33-95 - Agents personally liable; representing unlicensed company prohibited; penalty.
§ 58-33-100 - Payment of premium to insurance producer valid; obtaining by fraud a crime.
§ 58-33-105 - False statements in applications for insurance.
§ 58-33-110 - Insurance producers signing certain blank policies.
§ 58-33-115 - Adjuster acting for unauthorized company.
§ 58-33-130 - Continuing education program for licensees.
§ 58-33-132 - Qualifications of instructors.