58-30-115. Resident insurance producers--Continuing education requirements--Exceptions.

The provisions of §§ 58-30-114 to 58-30-121, inclusive, do not apply to the following persons:

(1)    Licensees for whom an examination is not required under the laws of this state. However, persons who are excused from the examination under subdivision 58-30-52(1) may not be exempt;

(2)    Licensees over age sixty-five, if they have been licensed with the Division of Insurance for a period of at least ten years, and do not sell, solicit, or negotiate insurance; and

(3)    Licensees holding limited or restricted licenses, as the director of the Division of Insurance may determine except as provided by subdivision 58-30-116(2).

Source: SL 1984, ch 331, § 2; SL 2006, ch 262, § 1; SL 2010, ch 233, § 8; SL 2012, ch 249, § 1.

58-30-115.1. Renewal of license by persons over age sixty-five.

Any licensee meeting the exception under subdivision 58-30-115(2) shall renew his or her license pursuant to § 58-30-121. Nothing in that subdivision requires a licensee who has reached the age of sixty-five prior to July 1, 2006, and, as of July 1, 2006, has been licensed for at least ten years, to meet the continuing education requirements of this chapter.

Source: SL 2006, ch 262, § 2; SL 2015, ch 260, § 8.

58-30-115.2. Renewal of limited or restricted licenses.

Any licensee meeting the exception pursuant to subdivision 58-30-115(3) shall renew the license pursuant to § 58-30-121.

Source: SL 2009, ch 269, § 1; SL 2015, ch 260, § 9.