Under what circumstance does a non-resident insurance agent require a licensed resident agent to counter sign documents?

A non-resident insurance agent does not require a licensed resident agent to counter-sign documents at any point during the transaction. This means that non-resident agents can operate independently in North Carolina, conducting business such as selling insurance policies or processing applications without the necessity of having a resident agent co-sign.

In many jurisdictions, including North Carolina, non-resident agents are authorized to act under the licenses issued in their home state, and as long as they comply with local laws regarding their activities, they can proceed without needing an additional signatory. This provision helps streamline the insurance transaction process, allowing for more efficient service delivery to clients without the added requirement of local representation in every transaction.

The need for a resident agent’s signature generally applies in different scenarios, such as when specific regulatory thresholds are met, or certain types of policies may have additional requirements, but in the case of non-resident agents working in North Carolina, no such requirement exists, making it unnecessary for them to have a resident agent counter-sign.