58-14-44. Restrictions on who may act as agent.
No person, firm, association, or corporation may act as an agent:
(1)For a reinsurer domiciled in this state, unless the agent is a licensed producer in this state;
(2)In this state, if the agent maintains an office either directly or as a member or employee of a firm or association, or an officer, director, or employee of a corporation in this state, unless the agent is a licensed producer in this state;
(3)In another state for a nondomestic insurer, unless the agent is a licensed producer in this state or another state having a law substantially similar to this law or the person is licensed in this state as a nonresident reinsurance intermediary.
Source: SL 1994, ch 379, §4.