North Carolina Commission Buyout Agreement Insurance Agent
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How to fill out Commission Buyout Agreement Insurance Agent?
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FAQ
Commissioner of Insurance and State Fire Marshal Mike Causey.
Any insurer authorized to transact business in NC may appoint as its agent any individual who: Holds a valid agents license issued by the commissioner. When an insurance producer conducts business under any name other than the producers legal name, he or she must: Notify the commissioner before using the assumed name.
Regulates the insurance industry. Handles insurance-related complaints. Licenses insurance agents, adjusters, bail bondsmen and more. Provides specialized counseling to people eligible for Medicare.
§ 58-2-5. His term of office begins on the first day of January next after his election, and is for four years or until his successor is elected and qualified. If a vacancy occurs during the term, it shall be filled by the Governor for the unexpired term. (Rev., ss. 4680, 4681; 1907, c.
The purpose of insurance commissioners is to maintain fair pricing for insurance products, protect the solvency of insurance companies, prevent unfair practices by insurance companies, and ensure availability of insurance coverage.
(a) It is unlawful for any insurance company licensed and admitted to do business in this State to issue, sell, or dispose of any policy, contract, certificate, or certificate of insurance, or use applications in connection therewith, until the forms of the same have been submitted to and approved by the Commissioner, ...
Assistance or File a Complaint The North Carolina Department of Insurance pledges to seek fair treatment of all parties in insurance transactions. We are here to serve you. We can always be reached at 855-408-1212.
The insurance commissioner is a state-level position in all 50 states. The duties of the position vary from state to state, but their general role is as a consumer protection advocate and insurance regulator. The position is elected in 11 states and appointed in 39.
