MLchartDataset catalogue

Nonresident agent

Term · Insurance and risk management · MLC-T-INS-002357

An insurance agent or producer licensed to sell, solicit, or negotiate insurance in a state other than their home state of residence. To obtain a nonresident license, an agent must hold a valid license in good standing in their home state and apply to the other state's department of insurance. Most states grant nonresident licenses on a reciprocal basis, as outlined in the National Association of Insurance Commissioners (NAIC) Producer Licensing Model Act.

Table 1. Record
IdentifierMLC-T-INS-002357
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002357",
  "term": "Nonresident agent",
  "field": "Insurance and risk management",
  "definition": "An insurance agent or producer licensed to sell, solicit, or negotiate insurance in a state other than their home state of residence. To obtain a nonresident license, an agent must hold a valid license in good standing in their home state and apply to the other state's department of insurance. Most states grant nonresident licenses on a reciprocal basis, as outlined in the National Association of Insurance Commissioners (NAIC) Producer Licensing Model Act.",
  "url": "https://mlchart.com/terminology/insurance/nonresident-agent/"
}

Record 2,357 of 3,748 in Insurance and risk management terminology (MLC-0106). Request the full dataset.