North Carolina General Statutes 58-33-31. Application for license
(a) A person applying for a resident license shall make application to the Commissioner on the Uniform Application and declare under penalty of denial, suspension, or revocation of the license that the statements made in the application are true, correct, and complete to the best of the individual’s knowledge and belief. Before approving the application, the Commissioner shall find that the individual:
(1) Is at least 18 years of age.
Terms Used In North Carolina General Statutes 58-33-31
- Business entity: means a corporation, association, partnership, limited liability company, limited liability partnership, or other legal entity. See North Carolina General Statutes 58-33-10
- Insurance: means any of the kinds of insurance in N. See North Carolina General Statutes 58-33-10
- License: means a document issued by the Commissioner authorizing a person to act as an insurance producer for the lines of authority specified in the document. See North Carolina General Statutes 58-33-10
- Person: means an individual or a business entity, but does not mean a county, city, or other political subdivision of the State of North Carolina. See North Carolina General Statutes 58-33-10
- Probation: A sentencing alternative to imprisonment in which the court releases convicted defendants under supervision as long as certain conditions are observed.
- producer: includes an agent and a broker. See North Carolina General Statutes 58-33-10
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
- Uniform Application: means the current version of the NAIC Uniform Application for resident and nonresident producer licensing. See North Carolina General Statutes 58-33-10
- Uniform Business Entity Application: means the current version of the NAIC Uniform Business Entity Application for resident and nonresident business entities. See North Carolina General Statutes 58-33-10
(2) Has not committed any act that is a ground for probation, suspension, nonrenewal, or revocation set forth in N.C. Gen. Stat. § 58-33-46.
(3) Has satisfied any applicable requirements of N.C. Gen. Stat. § 58-33-30(d).
(4) Has paid the applicable fees set forth in N.C. Gen. Stat. § 58-33-125.
(5) Has successfully passed any examinations required by N.C. Gen. Stat. § 58-33-30(e).
(b) A business entity selling, soliciting, or negotiating insurance shall obtain an insurance producer license. Application shall be made using the Uniform Business Entity Application. Before approving the application, the Commissioner shall find that:
(1) The business entity has paid the applicable fees set forth in N.C. Gen. Stat. § 58-33-125.
(2) The business entity has designated a licensed producer, who is a natural person, responsible for the business entity’s compliance with the insurance laws and administrative rules of this State and orders of the Commissioner.
(c) The Commissioner may require any documents reasonably necessary to verify the information contained in an application. (2001-203, s. 12; 2022-46, s. 13(a).)