A BILL TO BE ENTITLED
AN ACT allowing individuals under the employ of a licensed business entity to act as insurance brokers without a broker's license.
The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 58‑33‑30 is amended by adding a new subsection to read:
"(f1)	Brokerage Activity by Individuals Employed by Licensed Business Entity. – Notwithstanding the provisions of G.S. 58‑33‑30(f), an individual who is licensed as an insurance producer under G.S. 58‑33‑31(a) but does not hold a broker's license may act as an insurance broker under this Chapter if the following conditions are met:
(1)	The individual is employed by a business entity licensed as an insurance producer under G.S. 58‑33‑31(b).
(2)	The employing business entity has no more than six employees acting as insurance brokers without a broker's license at any time.
(3)	The employing business entity files with the Commissioner a bond that meets all the requirements of G.S. 58‑33‑30(f)(1) for any individual under its employ who is acting as an insurance broker without a broker's license."
SECTION 2.  G.S. 58‑33‑125(a) reads as rewritten:
"(a)	The following table indicates the annual fees that are required for the respective licenses issued, renewed, or cancelled under this Article and Article 21 of this Chapter:
Adjuster	$75.00
Adjuster, crop hail only	20.00
Agent appointment cancellation (paid by insurer)	10.00
Agent appointment, individual	10.00
Agent appointment, Medicare supplement and long‑term care, individual	10.00
Agent, overseas military	20.00
Broker, nonresident	65.00
Broker, resident	65.00
Business entity	100.00
Limited representative	20.00
Limited representative cancellation (paid by insurer)	10.00
Motor vehicle damage appraiser	75.00
Surplus lines licensee, corporate	100.00
Surplus lines licensee, individual	50.00"
SECTION 3.  This act becomes effective July 1, 2021.