§431:9B-102 Licensure. (a) No person, firm, association, or corporation shall act as a reinsurance intermediary-broker in this State if the reinsurance intermediary-broker maintains an office either directly or as a member or employee of a firm or association, or as an officer, director, or employee of a corporation:
(b) No person, firm, association, or corporation shall act as a reinsurance intermediary-manager in this State unless:
(c) The commissioner may require a reinsurance intermediary-manager subject to subsection (b) to provide any report required by the commissioner.
(e) The commissioner may refuse to issue a reinsurance intermediary license if, in the commissioner's judgment, the applicant, anyone named on the application, or any member, principal, officer, or director of the applicant, is not trustworthy, or that any controlling person of the applicant is not trustworthy to act as a reinsurance intermediary, or that any of the foregoing has given cause for revocation or suspension of the license, or has failed to comply with any prerequisite for the issuance of the license. Upon written request therefor, the commissioner shall furnish a summary of the basis for refusal to issue a license, which document shall be privileged and not subject to disclosure pursuant to chapter 92F.
(f) Licensed attorneys at law of this State, when acting in their professional capacity as such, shall be exempt from this section.
(g) Licensing procedure, duration, and related matters affecting reinsurance intermediaries shall be governed by articles 7 and 9A. [L 1992, c 176, pt of §6; am L 2001, c 136, §2; am L 2004, c 122, §29; am L 2006, c 189, §6; am L 2012, c 66, §11; am L 2021, c 111, §12; am L 2024, c 69, §4]