18 Del. Admin. Code § 101-1.0

Current through Register Vol. 28, No. 5, November 1, 2024

Section 101-1.0 - Agent Licensing

1.1 The Department in licensing agents, brokers, consultants, adjusters and appraisers is charged with the responsibility of protecting the citizens of this State by approving for licensing and renewal only those applicants who possess the mental ability and the moral character that is needed to suppress misrepresentation of the product to be offered.

1.2 The Department endeavors to promote the dignity of career insurance representatives by strict enforcement of qualification requirements and by firm but fair disposition of violations of the Delaware Insurance Law, with no individual exceptions. Effort is also made to improve public acceptance of insurance by careful screening and testing of proposed representatives and by consistent elimination of those licensees who, through unethical, unfair or illegal practices, tend to destroy the confidence of the industry.

1.3 Administer qualifications prescribed by law and Departmental Regulations.

1.4 Issue interim licenses and examination permits to qualified, first-time applicants.

1.5 Provide for an examination study manual.

1.6 Provide for license examinations.

1.7 Issue permanent licenses.

1.8 Renewal licenses.

1.9 Collect all license and examination fees.

1.10 Work out reciprocal agreements with other states for nonresident applicants.

1.11 Provide Letters of Certifications for Delaware agents seeking licenses in other states.

1.12 Issue Service Representative Permits to qualified applicants.

1.13 Handle complaints involving misappropriation of funds filed by insurers against agents.

1.14 Investigate any other type of complaints filed by insurers against agents for the purpose of determining the facts and coordinating action.

1.15 Conduct such prehearing conferences with agents as may be necessary for determination if formal hearings are necessary.

1.16 Conduct formal hearings for license revocations; if in the opinion of the Commissioner, satisfactory evidence or answers were not given at the prehearing conference.

1.17 Advise all companies of any change in the status of their agents' licenses for the purpose of restricting or curtailing an agent's authority to act and/or termination of the agent's service if the discrepancy warrants such action.

18 Del. Admin. Code § 101-1.0