Current through Register Vol. 54, No. 45, November 9, 2024
Section 37.84 - Power of attorney(a) An agent's certificate and appointments may not be transferred by power of attorney.(b) A broker's license may not be transferred by power of attorney.(c) A person writing bonds under authority of a power of attorney or acting in another manner in the capacity of agent in conjunction with the activity shall first obtain a certificate from the Department and be appointed as agent on behalf of the entity. Violations of this requirement will result in formal action by the Department.(d) A person may not countersign policies by power of attorney unless the recipient of power of attorney has a certificate from the Department and is appointed as agent for the entity whose policies the person holding the power of attorney will be countersigning.