§ 10-103. License required to act as insurance producer
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 10-103
§ 10-103. License required to act as insurance producer
(a) In this section, the term “insurer” does not include an insurer's officers, directors, employees, subsidiaries, or affiliates.
(b) The licensing requirements of this section do not apply to:
(iii) the officer, director, or employee is acting in the capacity of a special agent or agency supervisor assisting insurance producers where the individual's activities are limited to providing technical advice and assistance to licensed insurance producers and do not include the sale, solicitation, or negotiation of insurance;
(c) Except as otherwise provided in this article, before a person acts as an insurance producer in the State, the person must obtain:
Appointment required for insurance producer to sell, solicit, or negotiate insurance on behalf of insurer
(d)(1) Except as otherwise provided in this subsection, an insurance producer may not sell, solicit, or negotiate any insurance on behalf of an insurer for which the insurance producer does not have an appointment.
(e) Before a business entity may accept in its own name compensation for acting as an insurance producer in the State, the business entity must obtain:
Credits
Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 1996, c. 239, § 2, eff. Oct. 1, 1997; Acts 2001, c. 731, § 1, eff. July 2, 2001.
Formerly Art. 48A, §§ 167, 168.
MD Code, Insurance, § 10-103, MD INSURANCE § 10-103
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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