North Dakota Administrative Code
Title 45 - Insurance, Commissioner of
Article 45-02 - Regulation of Insurance Producers, Consultants, and Administrators
Chapter 45-02-02 - Licensing of Insurance Producers, Surplus Lines Insurance Producers, and Consultants
Section 45-02-02-04 - Specific examination requirements
Current through Supplement No. 394, October, 2024
1. An applicant applying to conduct insurance in the following lines must pass the following examinations:
a. | Life and annuity | Life and annuity |
b. | Accident and health | Accident and health |
c. | Property | Property |
d. | Casualty | Casualty |
e. | Variable life and annuity | Life and annuity |
2. An applicant applying for a license for title insurance is exempt from any examination requirement but must meet the following qualifications:
3. An applicant for a license to write travel and baggage insurance coverage for trip cancellation, trip interruption, baggage, life, sickness and accident, disability, and personal effects when limited to a specific trip and sold in connection with transportation provided by a common carrier is exempt from examination requirements.
4. An applicant for a license with the line of authority of surety shall take and pass the casualty examination. Surety coverage is insurance or a bond that covers obligations to pay the debts of or answer for the default of another, including faithlessness in a position of public or private trust, but not including bail bonds.
5. An applicant for a license to write the following products need only take the reduced examination required for that specific product:
6. An applicant for a consultant's license shall take and pass the insurance producer's examination for the lines in which the applicant seeks to consult. If an applicant for a consultant's license holds a North Dakota insurance producer's license, the applicant is exempt from the testing requirements for the lines held on the insurance producer's license within the twelve months preceding the date on which the consultant application is filed with the commissioner. However, the applicant must cancel the insurance producer's license prior to obtaining a consultant's license.
General Authority: NDCC 26.1-26-49
Law Implemented: NDCC 26.1-26-25