(a) Unless denied licensure pursuant to section twenty-four, a nonresident person shall receive a nonresident producer license if:
- (1) The person is currently licensed as a resident and in good standing in his or her home state;
- (2) The person has submitted the proper request for licensure and has paid the fees required by section thirteen, article three of this chapter;
- (3) The nonresident person holds a similar license that is awarded on the same basis in the nonresident's home state and for the same line or lines of authority applied for in this state;
- (4) The person has submitted or transmitted to the Insurance Commissioner the application for licensure that the person submitted to his or her home state, or in lieu of the same, a completed uniform application; and
- (5) The person's home state awards nonresident producer licenses to residents of this state on the same basis.