California Code of Regulations › Title 10 - Investment › Chapter 5 - Insurance Commissioner › Subchapter 1 - Production of Insurance › Article 9 - Credit Insurance Agent Licensing Regulations › Section 2192.4 - Applications; License Term

Current through Register 2024 Notice Reg. No. 28, July 12, 2024
(a)
				  A separate license must be applied for and obtained by each natural person
				  (i.e., individual) before that person acts as a credit insurance agent. A
				  separate license must be applied for and obtained by each organization before
				  that organization acts as a credit insurance agent.
(b) A natural person may sell, solicit, or
				  otherwise transact credit insurance and receive a commission as a licensed
				  credit insurance agent or as an endorsee of an organization that holds a credit
				  insurance agent license. A natural person may be named simultaneously as an
				  endorsee of multiple organizations that hold credit insurance agent
				  licenses.
(c) A credit insurance
				  agent license, whether issued to an individual or an organization, is valid for
				  twelve months, and must be renewed annually by the anniversary of the issue
				  date.
(d) An individual credit
				  insurance agent license applicant must obtain electronic fingerprint
				  impressions from the Department's vendor for that service, using the Request
				  For Live Scan Service (Form 442-39A). The manager of each business location of
				  an organization licensed as a credit insurance agent must obtain electronic
				  fingerprint impressions from the Department's vendor for that service, using
				  the Request For Live Scan Service (Form 442-39A).
1. New
					 section filed 9-17-2001 as an emergency; operative 9-17-2001 (Register 2001,
					 No. 38). A Certificate of Compliance must be transmitted to OAL by 1-15-2002 or
					 emergency language will be repealed by operation of law on the following
					 day.
2. Repealed by operation of Government Code section
					 11346.1(g)
					 (Register 2002, No. 5).
3. New section filed 1-31-2002 as an
					 emergency; operative 2-1-2002 (Register 2002, No. 5). A Certificate of
					 Compliance must be transmitted to OAL by 6-3-2002 or emergency language will be
					 repealed by operation of law on the following day.
4. New section
					 refiled 6-3-2002 as an emergency; operative 6-3-2002 (Register 2002, No. 23). A
					 Certificate of Compliance must be transmitted to OAL by 10-1-2002 or emergency
					 language will be repealed by operation of law on the following
					 day.
5. Repealed by operation of Government Code section
					 11346.1(g)
					 (Register 2003, No. 10).
6. New section filed 4-29-2003 as an
					 emergency; operative 4-29-2003 (Register 2003, No. 18). A Certificate of
					 Compliance must be transmitted to OAL by 8-27-2003 or emergency language will
					 be repealed by operation of law on the following day.
7. New section
					 refiled 8-26-2003 as an emergency; operative 8-26-2003 (Register 2003, No. 35).
					 A Certificate of Compliance must be transmitted to OAL by 12-24-2003 or
					 emergency language will be repealed by operation of law on the following
					 day.
8. New section refiled 12-23-2003 as an emergency; operative
					 12-23-2003 (Register 2003, No. 52). A Certificate of Compliance must be
					 transmitted to OAL by 4-21-2004 or emergency language will be repealed by
					 operation of law on the following day.
9. Repealed by operation of
					 Government Code section
					 11346.1(g)
					 (Register 2004, No. 18).
10. New section filed 4-29-2004 as an
					 emergency; operative 4-29-2004 (Register 2004, No. 18). A Certificate of
					 Compliance must be transmitted to OAL by 8-27-2004 or emergency language will
					 be repealed by operation of law on the following day.
11.
					 Certificate of Compliance as to 4-29-2004 order transmitted to OAL 6-25-2004
					 and filed 7-29-2004 (Register 2004, No. 31).
Note: Authority cited: Statutes of 2000, Chapter 321,
						Section 8 (Assembly Bill No. 393, 1999).
						Reference: Sections
						1758.9-
						1758.93,
						Insurance Code.