The agent’s appointment shall be valid upon its execution if the appointment is mailed to the Department within ten days of that execution, and if the person holds a valid agent’s license in the line or lines for which the insurer is requesting the appointment.
If the appointment of a licensed agent by an insurance company is terminated, the insurer shall give written notice of the termination and the effective date of such termination to the Director within five working days of the termination and to such agent when reasonably possible. The Director may require the insurer to demonstrate that he or she has made a reasonable effort to give such notice to the licensed agent.
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