764

(a) The Commissioner shall waive any requirement for a nonresident license applicant with a valid license from the applicant’s home state except the requirements imposed by section 763 if the applicant’s home state awards nonresident licenses to residents of the Virgin Islands on the same basis.\n(b) A nonresident insurance producer’s satisfaction of the home state’s continuing education requirements for licensed insurance producers constitutes satisfaction of the Virgin Islands continuing education requirements if the non-resident insurance producer’s home state recognizes the satisfaction of its continuing education requirements imposed upon insurance producers from the Virgin Islands on the same basis.