§ 6060. Duties of agent or brokers to obtain license
(a) Purchasing groups.
(1) No person, firm, association, or corporation shall act or aid in any manner in soliciting,
negotiating, or procuring liability insurance in this State for a purchasing group
from an authorized insurer or a risk retention group chartered in a state unless such
person, firm, association, or corporation is licensed as an insurance agent or broker
in accordance with chapter 131 of this title.
(2) No person, firm, association, or corporation shall act or aid in any manner in soliciting,
negotiating, or procuring liability insurance coverage in this State for any member
of a purchasing group under a purchasing group’s policy unless such person, firm,
association, or corporation is licensed as an insurance agent or broker in accordance
with chapter 131 of this title.
(3) No person, firm, association, or corporation shall act or aid in any manner in soliciting,
negotiating, or procuring liability insurance from an insurer not authorized to do
business in this State on behalf of a purchasing group located in this State unless
such person, firm, association, or corporation is licensed as a surplus lines broker
or excess line broker in accordance with chapter 131 of this title.
(b) For purposes of acting as an agent or broker for a purchasing group pursuant to subsection
(a) of this section, the requirement of residence in this State shall not apply.
(c) Every person, firm, association, or corporation licensed pursuant to the provisions
of chapter 131 of this title, on business written through a purchasing group, shall
inform each prospective insured of the provisions of the notice required by subsection 6057(c) of this title. (Added 1991, No. 249 (Adj. Sess.), § 23, eff. Dec. 31, 1992.)