Existing rules of the Insurance Division establish the steps that a rental
company with a limited license to sell rental insurance must take to educate
and monitor employees selling insurance under the limited license. Enrolled
House Bill 2958(2015 Legislative Session) now allows a rental company to identify
a "designated agent" to sell rental insurance under the limited license
of the rental company. The rental company must provide the same training and
oversight to a designated agent as the rental company provides for employees.
These proposed rules define "designated agent" and include designated
agents in the description of the individuals who must be educated and monitored
to sell rental insurance under the limited license of the rental company.
These proposed rules will replace temporary rules adopted on September 15,
2015 and are identical to the temporary rules with the exception of the addition
of the new definition of "designated agent."
The agency requests public comment on whether other options should be considered
for achieving the rule's substantive goals while reducing the negative economic
impact of the rule on business.
Filed: October 15, 2015
Public hearing: November 30, 2015, 2:00 p.m.
Last day for public comment: December 7, 2015, 5 p.m.