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§ 10-113. Authorized activities of license holder

West's Annotated Code of MarylandInsuranceEffective: October 1, 2007

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 10. Regulation of Insurance Professions
Subtitle 1. Insurance Producers (Refs & Annos)
Effective: October 1, 2007
MD Code, Insurance, § 10-113
§ 10-113. Authorized activities of license holder
Currentness
In general
(a) A license authorizes the holder of the license to act as an insurance producer for the kind or subdivision of insurance or combination of kinds or subdivisions of insurance specified in the license.
Use of trade name or name in which license issued
(b) The holder of a license may not use any name other than the name in which the license is issued or a trade name filed with the Commissioner under this subtitle to engage in any activity for which a license is required, including the execution of any document related to marketing, negotiation, selling, or issuance of insurance.
Authority to represent or commit an insurer
(c) A license does not create any actual, apparent, or inherent authority in the holder to represent or commit an insurer.

Credits

Added by Acts 2001, c. 731, § 1, eff. July 2, 2001. Amended by Acts 2007, c. 109, § 1, eff. Oct. 1, 2007.
Formerly Art. 48A, §§ 168, 176, 179.1.
MD Code, Insurance, § 10-113, MD INSURANCE § 10-113
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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