Section 62-35-111 - Qualifying agent ceasing to perform duties

(a) If the qualifying agent of a licensee ceases to perform the qualifying agent's duties on a regular basis, the licensee shall: (1) Within thirty (30) days, notify the commissioner by certified or registered mail; and(2) Within three (3) months, obtain a substitute qualifying agent.(b) The commissioner may, in the commissioner's discretion, extend the period for obtaining a substitute qualifying agent for a reasonable time.Acts 1987, ch. 436, § 11.