BILL NUMBER: AB 800 INTRODUCED
BILL TEXT
INTRODUCED BY Assembly Member Duvall
FEBRUARY 26, 2009
An act to amend Sections 1644, 1652, 1655, 1656, 1658, 1661, 1683,
1718, 1729, 1749, 1751, 1758.3, 1758.692, 1758.7, 1758.81, 1758.92,
and 1758.96 of the Insurance Code, relating to insurance.
LEGISLATIVE COUNSEL'S DIGEST
AB 800, as introduced, Duvall. Insurance omnibus.
Existing law regulates the licensing and the renewal of licensing
of insurance agents, adjusters, and brokers by specifying who is
eligible for a license and the requirements for applying for or
renewing an application for a license.
This bill would state that a person under 18 years of age is not
eligible to apply for certain specified licenses. This bill would
authorize the Insurance Commissioner to require the use of electronic
forms of application for certain licenses and would authorize the
commissioner to electronically deliver forms to renew certain
licenses to licensees, as specified. This bill would require people
applying for certain insurance licenses to supply the commissioner
with his or her e-mail address, in addition to a mailing address, as
specified.
Existing law requires applicants for certain licenses to meet
certain prelicensing education standards, as specified.
This bill would delete the prelicensing education requirement for
resident applicants who currently hold a nonresident license.
Existing law prohibits nonresident insurance organizations from
using residents of California to exercise the powers and perform the
duties of their license in California.
This bill would delete that prohibition and allow nonresident
insurance organizations to use California residents to conduct their
business in California.
Existing law requires a life agent or applicant to take and pass a
written qualifying test before the commissioner can grant the person
authority to transact variable contracts, as specified.
This bill would delete the requirement for passing a written test
and would correct an erroneous cross reference to federal authority.
Existing law defines a credit insurance agent as an agent selling
specified types of credit insurance, including credit life insurance,
credit disability insurance, and credit property insurance.
This bill would add guaranteed automobile protection (gap)
insurance, mortgage disability insurance, and mortgage guaranty
insurance as types of credit insurance, as specified.
Vote: majority. Appropriation: no. Fiscal committee: yes.
State-mandated local program: no.
THE PEOPLE OF THE STATE OF CALIFORNIA DO ENACT AS FOLLOWS:
SECTION 1. Section 1644 of the Insurance Code is amended to read:
1644. A minor person under 18 years of
age is not eligible to apply for a license
to act as a fire and casualty broker-agent, or a life agent.
pursuant to this chapter, Chapter 5A (commencing with
Section 1759), Chapter 6 (commencing with Section 1760), and Chapter
7 (commencing with Section 1800) of Part 2 of Division 1, and Chapter
1 (commencing with Section 14000) and Chapter 2
(commencing with Section 15000) of Division 5.
SEC. 2. Section 1652 of the Insurance Code is amended to read:
1652. (a) A license under this chapter , Chapter 5A
(commencing with Section 1759), Chapter 6 (commencing with Section
1760), Chapter 7 (commencing with Section 1800), and Chapter 8
(commencing with Section 1831), of Part 2 of Division 1, and Chapter
1 (commencing with Section 14000) and Chapter 2 (commencing with
Section 15000) of Division 5 shall be applied for, and renewed
by the filing with the commissioner of a written application
therefor. The application shall be on a form prescribed by the
commissioner, which form shall prescribe the disclosure of
information that will aid the commissioner in determining whether the
prerequisites for the license sought have been met. The applicant
shall declare, under penalty of perjury, that the contents of the
application are true and correct.
(b) The forms prescribed by the commissioner other than for
renewal applications may require authenticated fingerprints of any of
the following:
(1) Individual applicants.
(2) Specified partners or officers of organization applicants.
(3) The individuals who are to transact insurance for an
organization applicant.
(c) The forms may require the fingerprints to be affixed to the
application or to an attachment to be affixed to the application. The
commissioner, in his or her discretion, may require the fingerprints
on applications for any, some or all of the licenses issued pursuant
to this chapter or Chapter 6 (commencing with Section 1760), 7
(commencing with Section 1800), or 8 (commencing with Section 1831),
provided that as to any one such type of license the requirement is
applied without discrimination to all applicants within specified
classifications. The classifications may be made upon any or all of
the following bases:
(1) Length of continuous residence in this state.
(2) Whether or not previously or currently licensed by the
commissioner.
(3) Whether or not currently licensed by specified regulatory
agencies of the State of California which require fingerprints on
applications for licenses and routinely process the fingerprints for
positive identification.
(4) Other reasonable criteria.
(d) The commissioner may decline to act on an incomplete or
defective application until an amended application which completes
the prescribed form is filed with him or her.
SEC. 3. Section 1655 of the Insurance Code is amended to read:
1655. No application for a license shall be deemed filed unless
the document itself has been actually delivered to
has been submitted by a means of electronic service approved by
the commissioner , and the proper filing fee, including any
required application fee for any qualifying examination required by
this chapter , Chapter 5A (commencing with Section 1759),
Chapter 6 (commencing with Section 1760), and Chapter 7 (commencing
with Section 1800) of Part 2 of Division 1, or Chapter 1 (commencing
with Section 14000) and Chapter 2 (commencing with Section
15000) of Division 5 for the license applied for has been paid
at an office of the commissioner during office hours, or
unless both such document and the required fee or fees are filed and
remitted pursuant to Sections 11002 and 11003 of the Government Code
.
SEC. 4. Section 1656 of the Insurance Code is amended to read:
1656. Every applicant for an organizational license shall provide
the names of all persons who may exercise the power and perform the
duties under the license. Applicants for a nonresident organizational
license must name at least one person from their home state
a state other than California who may exercise
the power and perform the duties under their license. Additional
persons endorsed to that license may be residents of another
state, but may not be residents of California other
states, including California .
SEC. 5. Section 1658 of the Insurance Code is amended to read:
1658. Each application filed by a natural person for a license
shall contain the residence address, the principal business address,
and the mailing address , and the e-
mail address of the applicant. Each application for an
organization license shall contain the principal business address,
and the mailing address , and the e-
mail address of the applicant.
SEC. 6. Section 1661 of the Insurance Code is amended to read:
1661. Whenever an organization licensed as a life agent, or a
fire and casualty broker-agent desires to change, remove, or add to,
the natural person or persons who are to transact insurance under
authority of its license, it shall immediately file an application or
notice on a form prescribed by the commissioner with the
commissioner for an endorsement changing its license accordingly.
The form must be submitted by a means of electronic service
approved by the commissioner. The commissioner shall require
that the prelicensing education standards set forth in Section 1749
be met and that the qualifying examination provided by this code be
taken by any natural person named by the organization to exercise its
agency or brokerage powers who would be required to take and pass
the qualifying examination. That natural person or persons and the
organization are in all other respects subject to the provisions of
this chapter and the insurance laws.
SEC. 7. Section 1683 of the Insurance Code is amended to read:
1683. At a reasonable time before an applicant is required to
appear for a qualifying examination, the commissioner shall send him
written notice thereof. Such notice shall set forth the time and
place of such examination. The commissioner shall not send such
notice to an applicant until he has paid the fee required for filing
application to take or retake such examination. If an applicant fails
to appear at the time and place set for the examination, he shall be
deemed to have failed the examination. If the applicant fails the
qualifying examination, the commissioner shall give him written
notice thereof. The applicant must schedule or reschedule an
exam by a means of electronic service approved by the commissioner.
SEC. 8. Section 1718 of the Insurance Code is amended to read:
1718. (a) Not less than 60 days before a permanent license will
expire, the commissioner may use an electronic delivery method,
including e- mail or other similar electronic method of
delivery, to deliver, or may mail, to the latest e-
mail or mailing address appearing on his or her records,
an application to the licensee to renew the license for the
appropriate succeeding license term. It is the licensee's
responsibility to renew whether or not a renewal notice is received.
The commissioner may accept a late renewal, provided the licensee's
failure to comply is due to clerical error or inadvertence on the
part of the department.
(b) Application for renewal of a license may be filed on or before
the expiration date. When filed under this subdivision, the fee for
filing shall be as specified in Section 1750.
(c) The application for renewal of an expired license may be filed
after the expiration date and until that same month and day of the
next succeeding year. The fee for a renewal application under this
subdivision shall be the fee specified in subdivision (b) and a
delinquent fee in the amount specified for a one-year period in
Section 1750 for the filing. Each licensee shall be subject to
payment of delinquent fees under this section.
SEC. 9. Section 1729 of the Insurance Code is amended to read:
1729. Every licensee and every applicant for a license shall
immediately notify the commissioner in writing of any change in his
e- mail or mailing address as given to the
commissioner pursuant to Sections 1658 and 1728.
SEC. 10. Section 1749 of the Insurance Code is amended to read:
1749. The department shall require all new applicants for license
as a fire and casualty broker-agent, limited lines automobile
insurance agent, personal lines broker-agent, life-only agent, or
accident and health agent to meet prelicensing education standards as
follows:
(a) Require a minimum of 40 hours of prelicensing study as a
prerequisite to qualification for a fire and casualty broker-agent
license. The curriculum for satisfying this requirement shall be
approved by the curriculum board and submitted to the commissioner
for final approval. Any additions to the minimum requirements
provided by this section shall be approved by the curriculum board
pursuant to Section 1749.1 and certified by the department.
(b) Require a minimum of 20 hours of prelicensing study as a
prerequisite for qualification for a personal lines broker-agent
license. The curriculum for satisfying this requirement shall be
approved by the curriculum board and submitted to the commissioner
for final approval. Any additions to the minimum requirements
provided by this section shall be approved by the curriculum board
pursuant to Section 1749.1 and certified by the department.
(c) Require a minimum of 20 hours of prelicensing study as a
prerequisite for qualification for a life-only agent license. The
curriculum for satisfying this requirement shall be approved by the
curriculum board and submitted to the commissioner for final
approval. Any additions to the minimum requirements provided by this
section shall be approved by the curriculum board pursuant to Section
1749.1 and certified by the department.
(d) Require a minimum of 20 hours of prelicensing study as a
prerequisite for qualification for a limited lines automobile
insurance agent license. The curriculum for satisfying this
requirement shall be approved by the curriculum board and submitted
to the commissioner for final approval. Any additions to the minimum
requirements under this section shall be approved by the curriculum
board pursuant to Section 1749.1 and certified by the department.
(e) Require a minimum of 20 hours of prelicensing study as a
prerequisite for qualification for an accident and health insurance
agent license. The curriculum for satisfying this requirement shall
be approved by the curriculum board and submitted to the commissioner
for final approval. Any additions to the minimum requirements under
this section shall be approved by the curriculum board pursuant to
Section 1749.1 and certified by the department. This curriculum shall
also include instruction in workers' compensation and general
principles of employers' liability.
(f) In addition to the 40 hours prelicensing education required to
qualify for a license as a fire and casualty broker-agent, the 20
hours prelicensing education required to qualify for a license as a
personal lines broker-agent, a life-only agent, or an accident and
health agent, or the 20 hours prelicensing education required to
qualify for a license as a limited lines automobile insurance agent,
the department shall require 12 hours of study on ethics and this
code. Where an applicant seeks a license for more than one of the
following license types: a fire and casualty broker-agent license, a
personal lines broker-agent license, a life-only license, or an
accident and health license, the applicant shall only be required to
complete one 12-hour course on ethics and this code. The curriculum
for satisfying this requirement shall be approved by the curriculum
board and submitted to the commissioner for final approval.
(g) An applicant for a life-only agent license, an accident and
health license, a personal lines broker-agent license, or a limited
lines automobile insurance agent license, who is currently licensed
as such in another state and who has completed 20 hours of
prelicensing education as a requirement for licensing in that state
shall be required to complete only the course of study on
ethics and the Insurance Code, as required by Section 1749.
Additionally, any applicant for such a license holding one or more of
the designations specified in subdivisions (a) to (p), inclusive, of
Section 1749.4 shall be exempted from any requirement for courses in
general insurance that would otherwise be a condition of issuance of
the license.
(h) An applicant for a fire and casualty broker-agent license who
is currently licensed as such in another state and who has
completed 40 hours of prelicensing education as a requirement for
licensing in that state shall be required to complete only
the course of study on ethics and this code, as required by
subdivision (f). Additionally, any applicant for such a license
holding one or more of the designations specified in subdivisions (a)
to (p), inclusive, of Section 1749.4, shall be exempted from any
requirement for courses in general insurance that would otherwise be
a condition of issuance of a license.
(i) An applicant for a fire and casualty broker-agent license who
is licensed as a personal lines agent shall complete a minimum of 20
hours prelicensing study as a prerequisite. The curriculum for
satisfying this requirement shall be approved by the curriculum board
and submitted to the commissioner for final approval. The applicant
shall not be required to repeat any prelicensing requirements
completed as a prerequisite to being licensed as a personal lines
agent.
(j) Review and approval of prelicensing courses not conducted in a
classroom, as referenced in subdivisions (a) to (i), inclusive,
shall include an evaluation of the safeguards in place to ensure that
the student completing the course is the person enrolled in the
course, methods used to monitor the students' attendance are
adequate, methods for the student to interact with the entity
providing the training exist, and methods used to record the times
spent completing the course are adequate.
(k) Prelicensing certificates of completion expire three years
from the completion date of the course, whether or not a license is
issued.
SEC. 11. Section 1751 of the Insurance Code is amended to read:
1751. The commissioner shall require, in advance, a fee for
filing the following documents:
(a) Application for registration of change in membership of a
copartnership licensed as any of the following:
(1) Fire and casualty broker-agent, fifty-six dollars ($56).
(2) Life agent, resident, forty-eight dollars ($48).
(3) Life agent, nonresident, fifty-three dollars ($53).
(4) Personal lines broker-agent, fifty-six dollars ($56).
(b) Notice for adding or removing from any life agent's, fire and
casualty broker-agent's, or personal lines broker-agent's license
issued to an organization the name of any natural person named
thereon, sixteen dollars ($16).
(c) First amendment to an application, eight dollars ($8); a
second and each subsequent amendment to an application, sixteen
dollars ($16).
(d) Original application to be given the qualifying examination
for a license of a fire and casualty or personal lines licensee,
twenty-seven dollars ($27) for each person to be examined.
(e) Original application to be given the qualifying examination
for a license of a life licensee, twenty-seven dollars ($27) for each
person to be examined.
(f) Application for reexamination for any of the licenses
mentioned in this section, twenty-seven dollars ($27) for each person
to be reexamined.
(g) Application which includes a request for a certificate of
convenience pursuant to Article 8 (commencing with Section 1685),
twenty dollars ($20) in addition to, and not in lieu of, fees
otherwise required.
(h) Application or request for approval of true or fictitious name
pursuant to Section 1724.5 thirty dollars ($30), except that there
shall be no fee when the name is contained in an original
application.
(i) "A ratification of appointments of agents" whereby the
surviving insurer in a merger or consolidation assumes responsibility
for all agents then lawfully appointed for one of the constituent
insurers and makes each its agent, one hundred three dollars ($103).
(j) An application or request for approval of:
(1) A training course pursuant to Section 1691, except when filed
by a degree-conferring college or university, a public educational
institution, or by a private nonprofit educational institution, one
hundred three dollars ($103).
(2) An arrangement whereby an insurer may qualify certificate of
convenience holders pursuant to Section 1691 by means of an approved
course given on the insurer's behalf by a school or organization
other than itself, fifty-five dollars ($55).
(k) A bond, pursuant to Article 5 (commencing with Section 1662)
or Section 1760.5 or 1765, except when the bond constitutes part of
an original application filing, sixteen dollars ($16).
() An application or request for a copy of, or a duplicate
license, issued pursuant to Chapter 5 (commencing with Section 1621),
6 (commencing with Section 1760), 7 (commencing with Section 1800),
or 8 (commencing with Section 1831) or Sections 12280 and 12280.2,
sixteen dollars ($16).
(m)
(l) An application or request for clearance and
cancellation notice of a current licensee of record, sixteen dollars
($16).
(n)
(m) An amended action notice pursuant to subdivision
(e) of Section 1704, five dollars ($5).
SEC. 12. Section 1758.3 of the Insurance Code is amended to read:
1758.3. The commissioner shall not grant authority to transact
variable contracts unless the life agent or applicant furnishes proof
that he or she is registered to sell securities in accordance with
the rules of the United States Securities and Exchange Commission or
the National Association of Securities Dealers, and has,
within the 12 months' period next preceding the date of issue of the
authority, taken and passed a written qualifying examination as
prescribed by the commissioner Financial Industry
Regulatory Authority .
SEC. 13. Section 1758.692 of the Insurance Code is amended to
read:
1758.692. (a) Not less than 60 days before a permanent license
will expire, the commissioner may use an electronic delivery
method, including e- mail or other similar electronic
method of delivery, to deliver, or may mail, to the latest
e- mail or mailing address appearing on his or her
records, an application to the licensee to renew the license of a
communications equipment insurance agent and any endorsees for the
appropriate succeeding license term. It is the licensee's
responsibility to renew, whether or not a renewal notice is received.
(b) The commissioner may accept a late renewal without penalty,
provided that the licensee's failure to comply is due to a clerical
error or inadvertence.
(c) An application for renewal of a license may be filed on or
before the expiration date. An application for renewal of an expired
license may be filed after the expiration date and until that same
month and date of the next succeeding year.
(d) The commissioner shall impose a penalty fee equal to one-half
of the renewal fee for the communications equipment insurance agent
license and any endorsees for any renewal that is filed after the
expiration date of the license.
SEC. 14. Section 1758.7 of the Insurance Code is amended to read:
1758.7. (a) No self-service storage facility, or franchisee of a
self-service storage facility, shall offer or sell insurance unless
it has complied with the requirements of this article and has been
issued a license by the commissioner as provided in this article.
(b) The commissioner may issue to a self-service storage facility,
or its franchisee, that has complied with the requirements of this
article, a license that authorizes the self-service storage facility
or its franchisee to offer or sell the types of insurance specified
in Section 1758.75 in connection with and incidental to rental
agreements on behalf of any insurer authorized to write those types
of insurance policies in this state.
(c) (1) The license period shall be a two-year period beginning as
described in subparagraph (A) or (B) of paragraph (2), as
applicable, and ending on the second succeeding year on the last
calendar day of the month in which the initial license was issued.
(2) The commencement of a license period shall be determined for
each self-service storage facility or franchisee of a self-service
storage facility, as follows:
(A) Upon initial licensing, the license period begins on the date
the license is issued.
(B) Upon license renewal, the license period begins on the first
day of the month following the month in which the initial license was
issued.
(3) (A) Not less than 60 days before a permanent license will
expire, the commissioner may use an electronic delivery method,
including e- mail or other similar electronic method of
delivery, to deliver, or may mail, to the latest e-
mail or mailing address appearing on his or her records,
an application to the licensee to renew the license for the
appropriate succeeding license period. It is the licensee's
responsibility to renew whether or not a renewal application is
received. The commissioner may accept a late renewal without penalty,
provided that the licensee's failure to comply is due to clerical
error or inadvertence on the part of the department.
(B) The application for renewal of a license shall be filed on or
before the expiration date.
(C) The application for renewal of an expired license may be filed
after the expiration date and until the same month and day of the
next succeeding year. A licensee who files the renewal application
after the license has expired shall be charged, in addition to the
renewal fee, a penalty of 50 percent of the renewal fee.
(d) The applicant for a license pursuant to this section shall
submit an application fee upon initial application and upon renewal
application in the amount or amounts determined by the department as
sufficient to defray its actual cost of processing the applications
and implementing this article.
(e) Costs associated with any enforcement action or investigation
shall be paid for by the person or organization licensed pursuant to
this article.
SEC. 15. Section 1758.81 of the Insurance Code is amended to read:
1758.81. (a) An applicant for a rental car agent license under
this article shall file the following documents with the
commissioner:
(1) A written application for licensure, signed by the applicant
or an officer of the applicant, in the form prescribed by the
commissioner.
(2) A certificate by the insurer that is to be named in the rental
car agent license, stating that the insurer has satisfied itself
that the named applicant is trustworthy and competent to act as its
insurance agent limited to this purpose and that the insurer will
appoint the applicant to act as its agent to transact the kind or
kinds of insurance that are permitted by this article, if the rental
car agent license applied for is issued by the commissioner. The
certification shall be subscribed by an officer or managing agent of
the insurer on a form prescribed by the commissioner.
(3) An application fee, and each license period thereafter, a
renewal fee, in an amount or amounts determined by the department as
sufficient to defray the department's actual cost of processing the
application or renewal and implementing this article.
(4) Not less than 60 days before a permanent license will expire,
the commissioner may use an electronic delivery method,
including e- mail or other similar electronic method of
delivery, to deliver, or may mail, to the latest e-
mail or mailing address appearing on his or her records,
an application to the licensee to renew the license for the
appropriate succeeding license period. It is the licensee's
responsibility to renew whether or not a renewal application is
received. The commissioner may accept a late renewal without a
penalty, provided the licensee's failure to comply is due to clerical
error or inadvertence on the part of the department.
(A) The application for renewal of a license shall be filed on or
before the expiration date.
(B) The application for renewal of an expired license may be filed
after the expiration date and until that same month and day of the
next succeeding year. A licensee who files the renewal application
after the license has expired shall be charged, in addition to the
renewal fee, a penalty of 50 percent of the renewal fee.
(b) Notwithstanding any other provision of law to the contrary,
Sections 1667, 1668, 1668.5, 1669, 1670, 1720, 1738, and 1739 apply
to any application for or issuance of a license pursuant to this
article.
(c) Costs associated with any enforcement action or investigation
shall be paid for by the person or organization licensed pursuant to
this article.
SEC. 16. Section 1758.92 of the Insurance Code is amended to read:
1758.92. (a) An applicant for a credit insurance agent license
under this article shall submit each of the following to the
commissioner:
(1) A written application for licensure signed by the applicant or
an officer of the applicant, in the form prescribed by the
commissioner.
(2) A certificate by the insurer that is to be named in the credit
insurance agent license, stating that the insurer has satisfied
itself that the named applicant is trustworthy and competent to act
as its insurance agent limited to this purpose and that the insurer
will appoint the applicant to act as its agent in reference to
selling or soliciting the kind or kinds of insurance that are
permitted by this article, if the credit insurance agent license
applied for is issued by the commissioner. The certification shall be
subscribed by an officer or managing agent of the insurer on a form
prescribed by the commissioner.
(3) An application fee, and each license period thereafter, a
renewal fee, in an amount or amounts determined by the department as
sufficient to defray the department's actual costs of processing the
application or renewal and implementing this article.
The limitation on fee increases of 10 percent without prior
approval of the Legislature set forth in Section 12978 shall not
apply to the application or renewal fee set forth in this subdivision
during the years 2002, 2003, and 2004.
(b) Notwithstanding any other provision of law to the contrary,
the provisions set forth in Sections 1667, 1668, 1668.5, 1669, 1670,
1720, 1738, and 1739 apply to any application for or issuance of a
license, or any application for or approval of an endorsee, pursuant
to this article.
(c) (1) Not less than 60 days before a permanent license will
expire, the commissioner may use an electronic delivery method,
including e- mail or other similar electronic method of
delivery, to deliver, or may mail, to the latest e-
mail or mailing address appearing on his or her records,
an application to the licensee to renew the license for the
appropriate succeeding license period. It is the licensee's
responsibility to renew whether or not a renewal application is
received. The commissioner may accept a late renewal without penalty,
provided the licensee's failure to comply is due to a clerical error
or inadvertence on the part of the department.
(2) An application for renewal shall be filed on or before the
expiration date.
(3) The application for renewal of an expired license may be filed
after the expiration date and until that same month and date of the
next succeeding year. A licensee who files a renewal application
after the license has expired shall be charged, in addition to the
renewal fee, a penalty of 50 percent of the renewal fee for the
credit insurance agent license and all endorsees.
(d) Costs associated with any enforcement action or investigation
shall be paid for by the person or organization licensed pursuant to
this article.
SEC. 17. Section 1758.96 of the Insurance Code is amended to read:
1758.96. (a) A person licensed pursuant to
this article may act as a credit insurance agent for an authorized
insurer only with respect to the kinds of insurance specified in this
section sold in connection with and incidental to a loan or other
extension of credit other than a loan in excess of sixty thousand
dollars ($60,000) relating to or secured by real property where the
repayment period does not exceed 10 years. The sale of credit
insurance products as specified in this section in excess of sixty
thousand dollars ($60,000) relating to or secured by real property
where any compensation, fee, or commission is paid dependent on the
placement of credit insurance, requires a license to act as an
insurance agent or life agent pursuant to Section 1621 or 1622.
(a) Credit life insurance.
(b) Credit disability insurance.
(c) Credit involuntary unemployment insurance or credit
loss-of-income insurance.
(d) Credit property insurance.
(b) Credit insurance includes credit life, credit disability,
credit property, credit unemployment, involuntary unemployment,
mortgage life, mortgage guaranty, mortgage disability, guaranteed
automobile protection (gap) insurance, and any other form of
insurance offered in connection with an extension of credit that is
limited to partially or wholly extinguishing that credit obligation
that the insurance commissioner determines should be designated a
form of credit insurance.
(c) Credit insurance agent means a person who sells, solicits, or
negotiates one or more forms of credit insurance coverage to
individuals through a master, corporate, group, or individual policy.