Missouri Code of State Regulations
Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE
Division 700 - Insurance Licensing
Chapter 1 - Insurance Producers
Section 20 CSR 700-1.160 - Licensing and Authorization of Portable Electronics Insurance Producers and Related Entities

Universal Citation: 20 MO Code of State Regs 700-1.160

Current through Register Vol. 49, No. 6, March 15, 2024

PURPOSE: This amendment streamlines language and updates statutory authority.

PURPOSE: This rule effectuates and aids in the interpretation of sections 3791500. to 3791550., RSMo, by providing definitions and license application procedures.

(1) Definitions. As used in sections 3791500. to 3791550., RSMo and this rule-

(A) "Authorized representative," means any person with written authorization from a vendor to sell, solicit, or negotiate portable electronics insurance on behalf of the vendor, under the authority of the vendor's portable electronics insurance producer license ; and

(B) "Employee," means any individual who is employed part-time or full-time by a vendor and is authorized by the vendor to sell, solicit, or negotiate portable electronics insurance on behalf of the vendor, under the authority of the vendor's portable electronics insurance producer license.

(2) Application and Fees. Application for a portable electronics insurance license shall include a certification that each authorized representative and employee has the brochures and policy documents described in section 3791510., RSMo in addition to the following, as applicable:

(A) Initial Licensure.
1. Vendor with ten (10) or fewer locations.
A. A completed application form, as prescribed by the director.

B. One hundred dollar- ($100-) application fee.

2. Vendor with more than ten (10) locations.
A. A completed application form, as prescribed by the director.

B. One thousand dollar- ($1,000-) application fee; and

(B) Renewal Application.
1. Vendor with ten (10) or fewer locations.
A. A completed application form, as prescribed by the director.

B. Fifty dollar- ($50-) application fee.

2. Vendor with more than ten (10) locations.
A. A completed application form, as prescribed by the director.

B. Five hundred dollar- ($500-) application fee.

*Original authority: 374.045, RSMo 1967, amended 1993, 1995, 2008 and 379.1550, RSMo 2011 .

Disclaimer: These regulations may not be the most recent version. Missouri may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.