Producer Licensing Model Act

This act governs the licensing and regulation of insurance producers, along with related roles such as agencies, public insurance adjusters, and bail bonding agents. It establishes the qualifications for obtaining a license — prelicensure education, a written examination (with defined exemptions), an application process, and residency and fee requirements — and provides for temporary, duplicate, and additional lines of authority, continuing education, and reciprocal recognition of licenses issued to nonresidents. It further sets out the appointment and termination of producers by insurers, recordkeeping and notification duties owed to the state insurance commissioner, and the commissioner's authority to examine, make rules, and impose penalties.

Editorial summary generated from the text of this act. It is not part of the statute — read the sections below for the operative language.