Requirements for nonresident insurance producer license

Unless denied licensure pursuant to § 58-30-167 , a nonresident person is entitled to receive a nonresident insurance producer license if: (1) The person is currently licensed as a resident insurance producer and in good standing in the person's home state; (2) The person has submitted the proper request for licensure and has paid the fees required by § 58-2-29 ; (3) The person has submitted or transmitted to the director the application for licensure that the person submitted to the person's home state or the application required by § 58-30-148 ; and (4) Except for fees, the person's home state issues nonresident insurance producer licenses to residents of this state on the same basis. Source: SL 2001, ch 286 , § 19.