New Hampshire § 402-J-7 - Section 402-J:7 License.

§ 402-J-7. Section 402-J:7 License.

I. Unless denied licensure pursuant to RSA 402-J:12, persons who have met the requirements of RSA 402-J:5 and RSA 402-J:6 shall be issued an insurance producer license. An insurance producer may receive qualification for a license in one or more of the following lines of authority: (a) Life: Insurance coverage on human lives including benefits of endowment, and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income. (b) Accident and health or sickness: Insurance coverage for sickness, bodily injury, or accidental death and may include benefits for disability income. (c) Property: Insurance coverage for the direct or consequential loss or damage to property of every kind. (d) Casualty: Insurance coverage against legal liability, including that for death, injury, or disability or damage to real or personal property. (e) Variable life and variable annuity products: Insurance coverage provided under variable life insurance contracts and variable annuities. (f) Personal lines property and casualty: Insurance coverage sold to individuals and families for primarily noncommercial purposes. (g) Credit-limited line credit insurance. (h) Any other line of insurance permitted under state law or rules. II. An insurance producer license shall remain in effect unless revoked or suspended as long as the fee set forth in RSA 400-A:29 is paid and educational requirements for resident individual producers are met by the due date. III. An individual insurance producer who allows his or her license to lapse may, within 24 months from the due date of the renewal fee, reinstate the same license without the necessity of passing a written examination. However, a penalty in the amount of double the unpaid renewal fee shall be required for any renewal fee received after the due date. IV. A licensed insurance producer who is unable to comply with license renewal procedures due to military service or some other extenuating circumstance may request a waiver of renewal procedures. The producer may also request a waiver of any examination requirement or any other fine or sanction imposed for failure to comply with renewal procedures. V. The license shall contain the licensee's name, address, personal identification number, and the date of issuance, the lines of authority, the expiration date, and any other information the commissioner deems necessary. VI. Licensees shall inform the commissioner by any means acceptable to the commissioner of a change of address within 30 days of the change. VII. In order to assist in the performance of the commissioner's duties, the commissioner may contract with non-governmental entities, including the National Association of Insurance Commissioners (NAIC) or any affiliates or subsidiaries that the NAIC oversees, to perform any ministerial functions, including the collection of fees, related to producer licensing that the insurance commissioner and the non-governmental entity may deem appropriate.