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15 U.S.C. § 6752 — National Association of Registered Agents and Brokers

Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 6752 — National Association of Registered Agents and Brokers

**(a) Establishment** There is established the National Association of Registered Agents and Brokers (referred to in this subchapter as the “Association”). **(b) Status** The Association shall— (1) be a nonprofit corporation; (2) not be an agent or instrumentality of the Federal Government; (3) be an independent organization that may not be merged with or into any other private or public entity; and (4) except as otherwise provided in this subchapter, be subject to, and have all the powers conferred upon, a nonprofit corporation by the District of Columbia Nonprofit Corporation Act (D.C. Code, sec. 29–301.01 et seq.) or any successor thereto.

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Source file: Laws/federal/codes/united-states-code/title-15/section-6752-national-association-of-registered-agents-and-brokers--5d6a99d457.md
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Source location: Title 15, Chapter 93, § 6752; chapter-093-insurance.md

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 6754 — Membership

**(a) Eligibility** (1) **In general** — Any insurance producer licensed in its home State shall, subject to paragraphs (2) and (4), be eligible to become a member of the Association. (2) **Ineligibility for suspension or revocation of license** — Subject to paragraph (3), an insurance producer is not eligible to become a member of the Association if a State insurance regulator has suspended or revoked the insurance license of the insurance producer in that State. (3) **Resumption of eligibility** — Paragraph (2) shall cease to apply to any insurance producer if— (A) the State insurance regulator reissues or renews the license of the insurance producer in the State in which the license was suspended or revoked, or otherwise terminates or vacates the suspension or revocation; or (B) the suspension or revocation expires or is subsequently overturned by a court of competent jurisdiction. (4) **Criminal history record check required** (A) *In general* — An insurance producer who is an individual shall not be eligible to become a member of the Association unless the insurance producer has undergone a criminal history record check that complies with regulations prescribed by the Attorney General of the United States under subparagraph (K). (B) *Criminal history record check requested by home State* — An insurance producer who is licensed in a State and who has undergone a criminal history record check during the 2-year period preceding the date of submission of an application to become a member of the Association, in compliance with a requirement to undergo such criminal history record check as a condition for such licensure in the State, shall be deemed to have undergone a criminal history record check for purposes of subparagraph (A). (C) *Criminal histor

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Federal law — U.S. Code and appendices · legal_authorities

15 U.S.C. § 6752 — Purpose

Page 2279 TITLE 15—COMMERCE AND TRADE § 6753 insurer from one State to another State pursu- ant to this subchapter. (12) State insurance regulator The term ‘‘State insurance regulator’’ means the principal insurance regulatory au- thority of a State, the District of Columbia, any territory of the United States, Puerto Rico, Guam, American Samoa, the Trust Ter- ritory of the Pacific Islands, the Virgin Is- lands, and the Northern Mariana Islands. (13) State law The term ‘‘State law’’ means the statutes of any State, the District of Columbia, any terri- tory of the United States, Puerto Rico, Guam, American Samoa, the Trust Territory of the Pacific Islands, the Virgin Islands, and the Northern Mariana Islands and any regulation, order, or requirement prescribed pursuant to any such statute. (14) Transferee domicile The term ‘‘transferee domicile’’ means the State to which a mutual insurer is redomes- ticating pursuant to this subchapter. (15) Transferor domicile The term ‘‘transferor domicile’’ means the State from which a mutual insurer is redomes- ticating pursuant to this subchapter. (Pub. L. 106–102, title III, § 315, Nov. 12, 1999, 113 Stat. 1420.) Executive Documents TERMINATION OF TRUST TERRITORY OF THE PACIFIC ISLANDS For termination of Trust Territory of the Pacific Is- lands, see note set out preceding section 1681 of Title 48, Territories and Insular Possessions. SUBCHAPTER III—NATIONAL ASSOCIATION OF REGISTERED AGENTS AND BROKERS Editorial Notes CODIFICATION Subtitle C of title III of the Gramm-Leach-Bliley Act, comprising this subchapter, was originally enacted by Pub. L. 106–102, title III, Nov. 12, 1999, 113 Stat. 1422. Such subtitle is shown herein, however, as having been added by Pub. L. 114–1, title II, § 202(a), Jan.

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