§ 10-110
325 words·~1 min read·
/md/insurance/10-110A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–110.
(a)The Commissioner may appoint an advisory board for life and health insurance and an advisory board for property and casualty insurance to assist the Commissioner in reviewing continuing education courses, examinations, and other matters relating to the education and qualification of insurance producers.
(1)If the Commissioner appoints a life and health insurance advisory board, the life and health insurance advisory board shall consist of at least eight members.
(2)Each member of the advisory board shall be experienced in the business of life insurance or health insurance.
(3)The advisory board:
(i)may include insurance producers and employees or officers of insurers; and
(ii)shall include at least two members who are insurance producers with valid licenses issued in the State in that kind of insurance.
(1)If the Commissioner appoints a property and casualty insurance advisory board, the property and casualty insurance advisory board shall consist of at least eight members.
(2)Each member of the advisory board shall be experienced in the business of property insurance or casualty insurance.
(3)The advisory board:
(i)may include insurance producers and employees or officers of insurers; and
(ii)shall include at least two members who are insurance producers with valid licenses issued in the State in that kind of insurance.
(1)The term of a member of an advisory board under this section is 4 years.
(2)A member who is appointed after a term has begun serves only for the rest of the term.
(3)A member is eligible for reappointment.
(4)The Commissioner may stagger the terms of members of each advisory board under this section.
(e)A member of an advisory board under this section:
(1)may not receive compensation; but
(2)if authorized by the Commissioner, is entitled to reimbursement for expenses under the Standard State Travel Regulations, as provided in the State budget.
(f)The Commissioner may adopt regulations to carry out this section.