As Amended
SEC. 83-17-1. Agent defined.
Every person who solicits insurance on behalf of any insurance company, or who takes or transmits, other than for himself, an application for insurance or a policy of insurance, or who advertises or otherwise gives notice that he will receive or transmit the same, or who shall receive or deliver a policy of insurance of any such company, or who shall examine or inspect any risk, or receive, collect, or transmit any premium of insurance, or make or forward a diagram of any building, or do or perform any other act or thing in the making or consummation of any contract of insurance for or with any such insurance company, other than for himself, or who shall examine into or adjust or aid in adjusting any loss for or on behalf of any such insurance company, whether any of such acts shall be done at the instance or request or by the employment of the insurance company, or of or by any broker or other person, shall be held to be the agent of the company for which the act is done or the risk is taken as to all the duties and liabilities imposed by law, whatever conditions or stipulations may be contained in the policy or contract. The term "agent" shall also include all creditors whose officers, employees or legal representatives are authorized to act in any manner, directly or indirectly, in the solicitation of, negotiation for, or procurement or making of a contract of property insurance, under a small loan property insurance license, where such insurance coverage is written on collateral in which the creditor has an insurable interest. As used herein, the term "credit property insurance" means insurance on personal property or household goods pursuant to or in connection with a specific loan or other credit transactions, including lease payments and residual, which protects the lender or the borrower from damage or destruction to such personal property or household goods pledged as collateral for the loan. Such person knowingly procuring, by fraudulent representations, payment or the obligation for the payment of a premium of insurance shall be punished by a fine of not less than One Hundred Dollars ($100.00) nor more than Five Hundred Dollars ($500.00), or be imprisoned for not more than one (1) year.
SOURCES: Codes, 1892, Sec. 2342; 1906, Sec. 2615; Hemingway's 1917, Sec. 5078; 1930, Sec. 5196; 1942, Sec. 5706; 1989, ch. 543, Sec. 1, eff from and after July 1, 1989.