R590. Insurance, Administration.R590-288. Limited Line Producer Line of Authority for Pet Insurance.
R590-288-1. Authority.
This rule is promulgated by the commissioner pursuant to Sections 31A-2-201 and 31A-23a-106.
R590-288-2. Purpose and Scope.
(1) The purpose of this rule is to recognize a limited line producer line of authority for pet insurance.
(2) This rule applies to a person holding a producer license for a line of authority under Subsection 31A-23a-106(2)(a).
R590-288-3. Definitions.
Terms used in this rule are defined in Section 31A-1-301. Other terms are defined as follows:
(1) "Pet insurance" means a property insurance policy that provides coverage for an accident or illness of a pet.
R590-288-4. Limited Line Producer Line of Authority for Pet Insurance.
(1) The commissioner recognizes a limited line producer line of authority for pet insurance.
(2) A person holding a property insurance producer license for a line of authority under Subsection 31A-23a-106(2)(a)(iv) may offer pet insurance without any additional license requirements.
(3) A person holding a producer license for a line of authority under Subsections 31A-23a-106(2)(a)(i) through 31A-23a-106(2)(a)(iii) or 31A-23a-106(2)(a)(v) through 31A-23a-106(2)(a)(vii) may apply for a pet insurance limited line producer license.
(4) A person holding a limited line producer license for pet insurance is not required to complete continuing education regarding pet insurance.
R590-288-5. Severability.
If any provision of this rule, Rule R590-288, or its application to any person or situation is held invalid, such invalidity does not affect any other provision or application of this rule that can be given effect without the invalid provision or application. The remainder of this rule shall be given effect without the invalid provision or application.
KEY: insurance
Date of Last Change: July 8, 2022
Authorizing, and Implemented or Interpreted Law: 31A-2-201; 31A-23a-106
