(a) An insurer appointing any person as its general agent or manager to represent it as such in this territory shall file notice of the appointment with the Commissioner on forms prescribed and furnished by the Commissioner.
(b) Any such general agent or manager shall have such authority, consistent with this title, as may be conferred by the insurer. A general agent resident in this territory and licensed, as in this section provided, may exercise the powers conferred by this title upon agents licensed for the kinds of insurance which the general agent is authorized to transact for the insurer so appointing him.
(c) The appointment of a resident general agent shall not be effective unless the person so appointed is licensed as the general agent of such insurer by the Commissioner upon application and payment of the fee therefor as provided in section 601 of this title.
(d) Every such license shall expire as at close of business on the 31st day of December next following the date of issue, and may be renewed for an additional year upon application and payment of the fee therefor.
(e) The Commissioner may deny, suspend, or revoke any such license for any cause specified in section 789 of this title and in the manner provided in section 790 of this title.