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Session Laws, 1965
Volume 676, Page 291   View pdf image (33K)
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J. MILLARD TAWES, Governor                      291

be and they are hereby repealed and re-enacted, with amendments,
to read as follows:

177.

Individual applicants for qualification as to kinds of insurance
other than life and health insurance and annuities shall be required
to comply with the requirements of this section, as follows:

(1)   (i) The applicant must successfully complete a program of
studies, offered by schools, insurance company schools, or corre-
spondence schools, which program of studies has been established
or approved by the Commissioner, to the end that the applicant shall
be reasonably familiar with the specific kind or kinds of insurance,
for which he desires to be qualified; or

(ii) He must have been regularly employed by an insurer or an
agent or broker, for a period or periods aggregating not less than
one year during the three years next preceding the date of appli-
cation in responsible insurance duties in connection with the specific
kind or kinds of insurance for which he desires to be qualified, and,
in such case, such applicant shall submit with his application the
affidavit of such employer or employers stating facts which show
compliance with this requirement; or

(iii) He must have been regularly employed by an insurer or an
agent or a broker for a period or periods aggregating not less than
one year during the three years next preceding the date of entrance
into the service of the armed forces of the United States or immedi-
ately following his discharge therefrom in connection with the spe-
cific kind or kinds of insurance for which he desires to be qualified,
and in such case the application for the license shall be filed within
one year from the date of discharge, with the affidavit of such
employer or employers stating facts which show compliance with
this requirement.

(2)   The Commissioner shall require such applicant to satisfac-
torily pass a written examination relating to the specific kind or
kinds of insurance for which he desires to be licensed, for the pur-
pose of determining his competence with regard thereto. Such
examination shall be given by the Commissioner at least once every
thirty days at such times and places as the Commissioner may
determine. The applicant shall pay to the Commissioner a fee of
five dollars ($5.00), which shall entitle the said applicant to two
such examinations, in addition to the first, should the applicant
require the same, provided that any additional examination after
the first shall be taken within a period of one year from the date
the application was filed. An applicant failing to attain a passing
grade after three trials shall be required to wait six months from
the date of his last previous trial before applying again, and failing
to pass after six times, shall be required to wait one year from
the date of his last previous trial before applying again. An addi-
tional fee of five dollars ($5.00) shall be required for each group
of three trials.

(3)   The requirements of subsections (1) and (2) of this section
shall not apply to qualification for the same kind or kinds of insur-
ance business for which a person was licensed

 

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Session Laws, 1965
Volume 676, Page 291   View pdf image (33K)
 Jump to  
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