Section Ins 3202.01 - License Required(a) A financial institution or individual shall apply for a license to engage in one or more of the following: (1) Soliciting individuals to purchase insurance. Soliciting means recommending or selling specific insurance products or services. Soliciting shall not include the clerical or ministerial acts involved in: a. Making a general referral to a licensed insurance agent;b. The dissemination of sales literature prepared by the agency; andc. The scheduling of appointments with licensed insurance agents.(2) Collecting premiums for insurance sold by the financial institution;(3) Transmitting an application for a policy of insurance;(4) Negotiating for, or placing, risks;(5) Delivering policies; or(6) Other than in a clerical or ministerial manner, aiding in the transaction of the insurance business.(b) If the individual performs clerical tasks only, a license shall not be required for that individual.(c) A financial institution shall obtain a corporate agent's license under RSA 406-C:5 if it directly receives insurance commissions, is compensated based on the volume of insurance sales, or if it recommends or sponsors specific insurance products. At least one officer of the organization shall also obtain an agent's license for the appropriate lines of insurance and shall be responsible for the financial institution's insurance sales activities.(d) All insurance sales transactions shall be conducted by individually licensed agents. The financial institution officer responsible for the financial institution's insurance sales activities shall ensure that all employees are made aware that the conduct of the sale of insurance by unlicensed financial institution employees is prohibited under New Hampshire law.N.H. Admin. Code § Ins 3202.01