Mo. Code Regs. tit. 20 § 700-1.160
Current through Register Vol. 49, No. 21, November 1, 2024.
Section 20 CSR 700-1.160 - Licensing and Authorization of Portable Electronics Insurance Producers and Related EntitiesPURPOSE: This amendment streamlines language and updates statutory authority.
PURPOSE: This rule effectuates and aids in the interpretation of sections 3791500. to 3791550., RSMo, by providing definitions and license application procedures.
(1) Definitions. As used in sections 3791500. to 3791550., RSMo and this rule- (A) "Authorized representative," means any person with written authorization from a vendor to sell, solicit, or negotiate portable electronics insurance on behalf of the vendor, under the authority of the vendor's portable electronics insurance producer license ; and(B) "Employee," means any individual who is employed part-time or full-time by a vendor and is authorized by the vendor to sell, solicit, or negotiate portable electronics insurance on behalf of the vendor, under the authority of the vendor's portable electronics insurance producer license.(2) Application and Fees. Application for a portable electronics insurance license shall include a certification that each authorized representative and employee has the brochures and policy documents described in section 3791510., RSMo in addition to the following, as applicable: (A) Initial Licensure. 1. Vendor with ten (10) or fewer locations.A. A completed application form, as prescribed by the director.B. One hundred dollar- ($100-) application fee.2. Vendor with more than ten (10) locations. A. A completed application form, as prescribed by the director.B. One thousand dollar- ($1,000-) application fee; and (B) Renewal Application. 1. Vendor with ten (10) or fewer locations. A. A completed application form, as prescribed by the director.B. Fifty dollar- ($50-) application fee.2. Vendor with more than ten (10) locations. A. A completed application form, as prescribed by the director.B. Five hundred dollar- ($500-) application fee. AUTHORITY: sections 379.1550 and 374.045, RSMo Supp. 2011.* Emergency rule filed Dec. 29, 2011, effective Jan. 9, 2012, expired July 6, 2012. Original rule filed Dec. 29, 2011, effective Aug. 30, 2012. Amended by Missouri Register August 1, 2019/Volume 44, Number 15, effective 9/30/2019*Original authority: 374.045, RSMo 1967, amended 1993, 1995, 2008 and 379.1550, RSMo 2011.