Guam § 15705 - Non-resident Licensing.

§ 15705. Non-resident Licensing.

(a) Unless denied licensure pursuant to § 157119, a non-

resident person shall receive a non-resident producer license if:

(1) the person is currently licensed as a resident and in

good standing in that person’s home state;

(2) the person has submitted the proper request for

licensure and has paid the required fees;

(3) the person has submitted or transmitted to the

Commissioner of Banking and Insurance the application for

licensure that the person submitted to that person’s home

state, or in lieu of the same, a completed Uniform

Application; and

(4) the person’s home state awards non-resident

producer licenses to residents of Guam on the same basis.

(b) The Commissioner of Banking and Insurance may verify

the producer’s licensing status through the Producer Database

maintained by the National Association of Insurance

Commissioners (“NAIC”), its affiliates or subsidiaries.

(c) A non-resident producer who moves from one (1) state to

another state, or a resident producer who moves from Guam to

another state, shall file a change of address and provide

certification from the new resident state within thirty (30) days of

the change of legal residence.

(d) Notwithstanding any other provisions of this Act [P.L.

26-56], a person licensed as a surplus lines producer in that

person’s home state shall receive a non-resident surplus lines

producer license pursuant to Subsection (a) of this Section. Except

as to Subsection (a), nothing in this Section otherwise amends or

supercedes any provision regulating excess and surplus lines.

(e) Notwithstanding any other provisions of this Act, a

person licensed as a limited line credit insurance or other type of

limited lines producer in that person’s home state shall receive a

non-resident limited lines producer license, pursuant to

Subsection (a) of this Section, granting the same scope of

authority as granted under the license issued by the producer’s

home state.