Home Table of Contents

§ 10-111. License applications

West's Annotated Code of MarylandInsuranceEffective: April 5, 2018

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 10. Regulation of Insurance Professions
Subtitle 1. Insurance Producers (Refs & Annos)
Effective: April 5, 2018
MD Code, Insurance, § 10-111
§ 10-111. License applications
Currentness
In general
(a) A person who applies for a license as a resident insurance producer shall:
(1) in the case of an applicant who is an individual, submit to the Commissioner a uniform application and declare under penalty of refusal, suspension, or revocation of the license that the statements made in the uniform application are true, correct, and complete to the best of the individual's knowledge and belief;
(2) in the case of an applicant that is a business entity, submit to the Commissioner a uniform business entity application;
(3) pay the applicable fee required by § 2-112 of this article for a license;
(4) file on the form and in the manner that the Commissioner provides:
(i) any trade name to be used by the applicant;
(ii) the business address of the applicant; and
(iii) the name and residence address of each individual who holds a license and does business under the trade name; and
(5) submit to the Commissioner any additional information or documentation that the Commissioner requires, including any information or documentation to determine the professional competence, good character, and trustworthiness of the applicant.
Applicants with experience in US armed forces
(b) An applicant who has experience in the armed forces of the United States and qualifies under § 10-104(h)(3) of this subtitle must file an application within 1 year after the date of discharge from the armed forces.
Applicants that are business entities
(c)(1) This subsection does not apply to a motor vehicle rental company that applies for a limited lines license to sell insurance in connection with, and incidental to, the rental of a motor vehicle under Subtitle 6 of this title.
(2) In addition to any other information required on the application, an applicant that is a business entity must:
(i) identify the licensed insurance producer who is designated to act as the business entity's principal contact with the Administration; and
(ii) provide the name and address of each licensed producer employed by the business entity, each individual who has direct control over its fiscal management, and each owner, member, or manager of the business entity and each director of a business entity that is a corporation.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 1995, c. 635, § 2, eff. Oct. 1, 1997; Acts 1996, c. 206, § 2, eff. Oct. 1, 1997; Acts 1996, c. 239, § 2, eff. Oct. 1, 1997; Acts 1997, c. 656, § 5, eff. Oct. 1, 1997. Renumbered from Insurance § 10-112 by Acts 2001, c. 731, § 1, eff. July 2, 2001. Amended by Acts 2001, c. 731, § 1, eff. July 2, 2001; Acts 2018, c. 12, § 1, eff. April 5, 2018.
Formerly Art. 48A, §§ 168, 177.
MD Code, Insurance, § 10-111, MD INSURANCE § 10-111
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.
End of Document