North Carolina Administrative Code
Title 11 - INSURANCE
Chapter 12 - LIFE AND HEALTH DIVISION
Section .0400 - LIFE: GENERAL NATURE
Section 12 .0443 - QUALIFICATION: FOR THE SALE OF VARIABLE LIFE INSURANCE
Current through Register Vol. 38, No. 18, March 15, 2024
(a) Qualifications to Sell Variable Life Insurance
(b) Reports of Disciplinary Actions. Any person qualified in this state under this article to sell or offer to sell variable life insurance shall immediately report to the commissioner:
(c) Refusal to Qualify Agent to Sell Variable Life Insurance; Suspension, Revocation, or Nonrenewal of Qualification. The commissioner may reject any application or suspend or revoke or refuse to renew any agent's qualification to sell or offer to sell variable life insurance upon any ground that would bar such applicant or such agent from being licensed to sell other life insurance contracts in this state. The rules governing any proceeding relating to the suspension or revocation or an agent's license shall also govern any proceeding for suspension or revocation of an agent's qualification to sell or offer to sell variable life insurance.
Authority
G.S.
58-2-40(1);
58-7-95;
Eff. January 1, 1978;
Readopted
Eff. September 26, 1978;
Pursuant to
G.S.
150B-21.3A, rule is necessary without substantive public interest Eff. May
1, 2018.