The director or his designee may license insurers, subject to other requirements of existing insurance laws, to transact the following kinds of insurance in this State: (a) life insurance and annuities; (b) accident and health insurance; (c) property insurance; (d) casualty insurance; (e) surety insurance; (f) marine insurance; (g) title insurance; (h) multiple lines insurance, meaning any two or more of the kinds of insurance listed in items (b), (c), (d), (e), and (f). Each license issued is for an indefinite term unless revoked or suspended.
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