Montana Code 33-17-503. Application — residency — fee — expiration
33-17-503. Application — residency — fee — expiration. (1) Before a consultant license is issued or renewed, the prospective licensee shall:
Terms Used In Montana Code 33-17-503
- Consultant: means an individual who for a fee examines, appraises, reviews, evaluates, makes recommendations, or gives advice regarding an insurance policy, annuity, or pension contract, plan, or program. See Montana Code 33-17-102
- Consultant license: means a document issued by the commissioner that authorizes an individual to act as an insurance consultant. See Montana Code 33-17-102
- Home state: means the District of Columbia or any state or territory of the United States in which a person licensed under this chapter maintains a principal place of residence or a principal place of business. See Montana Code 33-17-102
- Individual: means a natural person. See Montana Code 33-17-102
- License: means a document issued by the commissioner that authorizes a person to act as an insurance producer for the lines of authority specified in the document. See Montana Code 33-17-102
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
(a)properly file with the office of the commissioner a written application in a form approved by the commissioner; and
(b)pay a fee pursuant to 33-2-708, which the commissioner shall forward to the state treasurer to be deposited in the state special revenue fund to the credit of the state auditor’s office.
(2)To be licensed as a consultant, the prospective licensee:
(a)must be an individual 18 years of age or older; and
(b)(i) must be a resident of Montana or a resident of another state that permits residents of Montana regularly to act as consultants in the other state; or
(ii)if not a resident of this state, shall designate a home state in which the consultant does not maintain a place of business or residence if:
(A)the consultant’s principal state of business or residence does not offer consultant licensure; and
(B)the consultant qualifies for the license as if the consultant were a resident of the designated home state.
(3)A consultant license continues in force until lapsed, suspended, revoked, or terminated.