Section 38-43-40 - License confers right to appoint producers; notification to directorA license issued by the director or his designee pursuant to Chapter 5 of this title gives to the insurer obtaining it the right to appoint any number of producers to take risks or transact any business of insurance in the State. The notification to the director or his designee must give both the business address and residence addresses of the producer.
2003 Act No. 73, Section 7, eff 6/25/2003; 2002 Act No. 323, Section 2, eff 1/31/2003; 1993 Act No. 181, Section 657; 1962 Code Section 37-232] recodified as Section 38-43-40 by 1987 Act No. 155, Section 1; 1952 Code Section 37-232; Former 1976 Code Section 38-51-40 [1948 (45) 1734; 1962 Code Section 37-654] recodified as Section 38-73-30 by 1987 Act No. 155, Section 1; 1952 Code Section 37-654; Former 1976 Code Section 38-43-40 [1947 (45) 322.