§ 10-106
182 words·~1 min read·
/md/insurance/10-106A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–106.
(a)This section 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.
(b)To qualify for a license as an insurance producer, a business entity must designate a licensed insurance producer to act as the business entity’s principal contact with the Administration.
(c)The designated insurance producer shall:
(1)provide to the Administration at the time of designation the insurance producer’s name, business address, business telephone number, business facsimile number, and business electronic mail address;
(2)notify the Insurance Administration in writing of any change in the information required by item
(1)of this subsection within 10 days after the change;
(3)compile and maintain, to the extent reasonably possible, a list of locations where records of the business entity are maintained; and
(4)on request, cooperate with any investigation conducted by the Administration unless the cooperation is subject to a legal privilege asserted by the designated insurance producer or the business entity.