Part 1 — Licensing of Insurers and Reciprocal Insurance Exchanges Subpart 1 Licensing of Insurers Insurer's Duty to be Licensed
70 Status of certificate of authority
expires, the person's special broker's licence is automatically
cancelled.
(2) When a person's insurance agent's certificate of authority is
suspended or cancelled, the person's special broker's licence is
automatically suspended.
(3) The Minister must reinstate a person's special broker's licence
that has been suspended under subsection (1) or (2) for a class of
insurance if
(a) the person submits an application for reinstatement to the
Minister,
(b) before the special broker's licence would have expired, the
certificate of authority is reinstated or the person is issued an
RSA 2000
insurance agent's certificate of authority for that class of
insurance, and
(c) the Minister is satisfied that the person is in compliance with
the requirements of this Act and the regulations relating to
special brokers.
1999 cI-5.1 s70