Licensing of Professional Insurance Personnel

What this document is

Delaware Code Title 18, Ch. 017 - Licensing of Professional Insurance Personnel is a state statute published by State of Delaware (delcode.delaware.gov). It is one of the Delaware documents that insurance license exam questions are written from, including delaware life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• 18 Del. C. § 1702(2) (Agent of the insurer defined)

  “means a licensed producer of the Department appointed by an insurer to sell, solicit or negotiate applications for policies of insurance on its behalf and, if authorized to do so by the insurer, to issue conditional receipts.”

• 18 Del. C. § 1706 (Application for license)

  “declare under penalty of refusal, suspension or revocation of the license that the statements made in the application are true, correct and complete to the best of the individual’s knowledge and belief.”

• 18 Del. C. § 1702(9) (Insurance producer defined)

  “means a person required to be licensed under the laws of this State to sell, solicit or negotiate contracts of insurance or annuity or the lines of authority authorized within the scope of such license.”

• 18 Del. C. § 1702(19) (Revocation defined)

  “(19) “Revocation” means recalling or taking back an insurance license or licenses for a minimum period of 12 months. Any insurer appointments of such license shall likewise be revoked. No individual whose license is revoked shall be issued another license without first complying with all...”

• 18 Del. C. § 1702(23) (Suspension defined)

  “Upon the expiration of the suspension period and upon satisfactory completion of such terms and conditions as the Commissioner has imposed pursuant to the suspension, all licenses and appointments shall be reinstated.”

• 18 Del. C. § 1702(2) (Agent of the insurer)

  ““Agent of the insurer” means a licensed producer of the Department appointed by an insurer to sell, solicit or negotiate applications for policies of insurance on its behalf and, if authorized to do so by the insurer, to issue conditional receipts.”

• 18 Del. C. § 1702(24) (Termination defined)

  ““Termination” means the cancellation of the relationship between a licensee and the insurer or the termination of a licensee’s authority to transact insurance.”

• Del. Code tit. 18, § 1703 (License Required)

  “A person shall not transact insurance in this State for any class or classes of insurance unless the person is licensed as an insurance producer, adjuster or appraiser for that line of authority in accordance with this chapter.”

• Del. Code tit. 18, § 1705(c), (d) (Application for Examination; Reexamination)

  “An individual who fails to appear for the examination as scheduled or fails to pass the examination shall reapply for an examination and remit all required fees and forms before being rescheduled for another examination. (d) Reexamination. - The failure of an applicant to pass an examination or the...”

• Del. Code tit. 18, § 1706(d) (Application for License; Variable Annuity Line)

  “Every applicant for a license as an insurance producer for the line of variable annuity must hold a license as a life insurance agent and must be registered with the National Association of Security Dealers.”

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Questions about this source

More Delaware sources

• Del. Code tit. 18, ch. 29: Life insurance contracts - standard policy provisionsState statute
• Delaware Code Title 18, Ch. 023 - Unfair Practices in the Insurance BusinessState statute
• Delaware Code Title 18, Ch. 29 - Life Insurance and Annuity ContractsState statute
• Delaware Code Title 18, Ch. 031 - Life Insurance ContractsState statute
• Delaware Code Title 18, Ch. 035 - Group and Blanket Health InsuranceState statute
• Delaware Code Title 18 Chapter 17 - Licensing of Professional Insurance Personnel (Secs. 1701-1724)State statute
• Delaware Code Title 18 Chapter 17A - Licensing of Public Adjusters (Secs. 1750-1761)State statute
• Delaware Code Title 18 Chapter 23 - Unfair Practices in the Insurance Business (Secs. 2301-2318)State statute