COMDTINST 1740.2G
22 JUL 1992
4.
b.
Coast Guard Units Located in Foreign Countries.
(1)
Prior to granting permission to conduct personal commercial transactions aboard a
Coast Guard unit in a foreign country, unit commanding officers shall ensure that
the companies and their agents observe the applicable laws of the host country and
they meet the licensing requirements of the host country. If the company and its
agents also conduct business in the United States, unit commanding officers shall
ensure that they also meet the licensing requirements and any other applicable
regulatory requirements of the State in which they conduct their principal
business.
(2)
The Department of Defense (DoD) annually accredits companies to solicit life
insurance on DoD installations in foreign overseas areas. Requirements and
procedures for accreditation are located in 32 CFR Part 43. Commanding
officers of Coast Guard units located in foreign overseas areas shall ensure life
insurance companies are accredited by DoD prior to granting solicitation
privileges. Accreditation is not an endorsement of the product, and advertising
suggesting endorsement by DoD is prohibited.
c.
Applications. Prior to granting solicitation privileges, unit commanding officers shall
require companies to submit a letter, signed by a company official, requesting
permission to solicit on the unit. The letter shall, as a minimum, contain:
(1)
A statement that the company meets the applicable licensing requirements;
(2)
The names of the individuals who are the company's agents;
(3)
A statement that the company assumes full responsibility for the acts of the agents
actually connected with the sale of its products;
(4)
A statement that the company is accredited by DoD to solicit life insurance in
foreign overseas areas (if applicable); and
(5)
An acknowledgment that a knowing and willful false statement is punishable by
fine or imprisonment (18 U.S.C. 1001).
5.
SUPERVISION OF COMMERCIAL ACTIVITIES.
a.
The solicitation of Coast Guard employees and their dependents shall be on an
individual basis, at the request of the individual.
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