Non-resident Licensing

(a)Unless denied licensure pursuant to § 157119, a nonresident person shall receive a non-resident producer license if:

(1)the person is currently licensed as a resident and in good standing in that person’s home state;

(2)the person has submitted the proper request for licensure and has paid the required fees;

(3)the person has submitted or transmitted to the Commissioner of Banking and Insurance the application for licensure that the person submitted to that person’s home state, or in lieu of the same, a completed Uniform Application; and

(4)the person’s home state awards non-resident producer licenses to residents of Guam on the same basis.

(b)The Commissioner of Banking and Insurance may verify the producer’s licensing status through the Producer Database maintained by the National Association of Insurance Commissioners (“NAIC”), its affiliates or subsidiaries.

(c)A non-resident producer who moves from one

(1)state to another state, or a resident producer who moves from Guam to another state, shall file a change of address and provide COL 1/26/2024 CH. 15 BUSINESS OF INSURANCE certification from the new resident state within thirty

(30)days of the change of legal residence.

(d)Notwithstanding any other provisions of this Act [P.L. 26-56], a person licensed as a surplus lines producer in that person’s home state shall receive a non-resident surplus lines producer license pursuant to Subsection

(a)of this Section. Except as to Subsection (a), nothing in this Section otherwise amends or supercedes any provision regulating excess and surplus lines.

(e)Notwithstanding any other provisions of this Act, a person licensed as a limited line credit insurance or other type of limited lines producer in that person’s home state shall receive a non-resident limited lines producer license, pursuant to Subsection

(a)of this Section, granting the same scope of authority as granted under the license issued by the producer’s home state.