40-4906. Nonresident agent license; requirements.

414 words·~2 min read·/ks/chapter-40/40-4906

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)Unless denied licensure pursuant to K.S.A. 40-4909 , and amendments thereto, a nonresident person shall receive a nonresident agent license if:

(1)Such person is currently licensed as a resident and in good standing in such person's home state;

(2)such person has submitted the proper request for licensure and has paid to the commissioner a nonrefundable application fee not to exceed $30 and a biennial fee not to exceed $50;

(3)such person has submitted or transmitted to the commissioner of insurance a copy of the application for licensure that such person submitted to such person's home state, or in lieu of the same, a completed application on a form prescribed by the commissioner; and

(4)such person's home state awards a nonresident agent license to residents of this state on the same basis.

(b)The commissioner may verify the insurance agent's licensing status through the producer database maintained by the NAIC, its affiliates or subsidiaries.

(1)Any nonresident agent who is licensed in this state and who moves from one state to another state or a resident agent who moves from this state to another state shall file with the commissioner within 30 days a change of address and provide certification from the new resident state.

(2)Any insurance agent who resides in this state and who moves from this state to another state shall file with the commissioner within 30 days a change of address and provide certification from the new resident state.

(3)No fee or license application shall be required for any filing required by this subsection.

(d)Subject to the provisions of subsection (a), any person licensed as a surplus lines agent in such person's home state shall receive a nonresident surplus lines agent license. Except as provided in subsection (a), nothing in this section shall be construed to amend or supersede any provision of K.S.A. 40-246b , and amendments thereto.

(e)Subject to the provisions of subsection (a), any person licensed as a limited line credit insurance or other type of limited lines agent in such person's home state shall receive a nonresident limited lines agent license in this state granting the same scope of authority as granted under the license issued by such insurance agent's home state.

(f)Not later than December 1 of each year, the commissioner shall set and publish in the Kansas register the application fee required pursuant to subsection

(a)for the next calendar year.