D.C. Mun. Regs. tit. 26, r. 26-A103

Current through Register Vol. 71, No. 49, December 6, 2024

Rule 26-A103 - REINSTATEMENT OF AN EXPIRED LICENSE

103.1

This section shall apply to an applicant for reinstatement of an expired license issued under this chapter.

103.2

An applicant for reinstatement under this section shall file an application with the Department on the prescribed form and shall pay the required reinstatement fee as provided in section 105 of this chapter.

103.3

An applicant for reinstatement under this section shall demonstrate fitness to resume practice by submitting evidence satisfactory to the Commissioner that the applicant has the competency and knowledge of District law necessary to resume transacting insurance business and that such resumption will not be detrimental to the public interest or the integrity of the insurance profession.

103.4

In making a determination pursuant to subsection 103.3, the Commissioner shall consider the following:

(a) The length of time that the applicant has transacted insurance business in the District or in another state or country;

(b) The length of time after expiration of the applicant's license that the applicant was not transacting insurance business either in the District or in another state or country;

(c) The violation of any laws by the applicant;

(d) The applicant's present character; and

(e) The applicant's present qualifications and competency to transact insurance business.

103.5

The Commissioner may require an applicant to complete certain educational or training requirements, in addition to any continuing education requirements, prior to or after reinstatement, to ensure that the applicant is competent to transact insurance business.

103.6

The Commissioner shall not reinstate the license of a producer who fails to apply for reinstatement of a license within one (1) year after the license expires. The person may become licensed by meeting the requirements then in existence for obtaining an initial license.

D.C. Mun. Regs. tit. 26, r. 26-A103

Final Rulemaking published at 50 DCR 10371 (December 5, 2003); as amended by Final Rulemaking published at 56 DCR 61 (January 2, 2009)