§ 58-33-15. Restricted license for overseas military agents. - North Carolina Statutes

§58‑33‑15.  Restricted license for overseas military agents.

Notwithstanding any otherprovision of this Article, an individual may be licensed by the Commissioner asa foreign military sales agent to represent a life insurance company domiciledin this State, provided the agent represents the insurance company only in aforeign country or territory and either on a United States militaryinstallation or with United States military personnel.  The Commissioner may,upon request of the insurance company on application forms furnished by theCommissioner and upon payment of the fee specified in G.S. 58‑33‑125,issue to the applicant a restricted license which will be valid only for therepresentation of the insurance company in a foreign country or territory andeither on a United States military installation or with United States militarypersonnel.  The insurance company shall certify to the Commissioner that theapplicant has the necessary training to hold himself out as a life insuranceagent, and that the insurance company is willing to be bound by the acts of theapplicant within the scope of his employment.  A restricted license issuedunder this section shall be renewed annually as provided in G.S. 58‑33‑25(n).(1987, c. 629, s. 1; 1987 (Reg. Sess., 1988), c. 975, s. 9.)