7 CFR 400.207 - Representative licensing and certification.

Code of Federal Regulations - Title 7: Agriculture (December 2005)


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TITLE 7 - AGRICULTURE

SUBTITLE B - REGULATIONS OF THE DEPARTMENT OF AGRICULTURE

CHAPTER IV - FEDERAL CROP INSURANCE CORPORATION, DEPARTMENT OF AGRICULTURE

PART 400 - GENERAL ADMINISTRATIVE REGULATIONS

subpart m - AGENCY SALES AND SERVICE CONTRACT - STANDARDS FOR APPROVAL

400.207 - Representative licensing and certification.

  (a) A Contractor must maintain twenty-five (25) licensed and certified Contractor Representatives.

  (b) A Contractor's Representative who solicits, sells and services FCIC policies or represents the Contractor in solicitation, sales or service of such policies must hold a license as issued by the State or States in which the policies are issued, which license authorizes the sales of insurance in any one or more of the following lines: (1) Multiple peril crop insurance; (2) Crop hail insurance; (3) Casualty insurance; (4) Property insurance; (5) Liability insurance; or (6) Fire insurance and allied lines.

The Contractor must submit evidence, satisfactory to the Corporation, verifying the type of State license held by each Representative and the date of expiration of each license.

  (c) A Contractor's Representative must have achieved certification by the Corporation for each crop upon which the Representative sells and services insurance.

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