§ 10-120
239 words·~1 min read·
/md/insurance/10-120A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§10–120.
(a)Without regard to the examination requirements of this subtitle, the Commissioner may issue a temporary license to act as an insurance producer to an individual if the individual:
(1)is otherwise qualified; and
(2)is:
(i)the surviving spouse, next of kin, personal representative, or appointee of the personal representative, of a deceased insurance producer;
(ii)the spouse, next of kin, employee, or legal guardian of a mentally or physically disabled insurance producer; or
(iii)an employee of a firm, or an officer or employee of a corporation, of a deceased or disabled insurance producer.
(b)Before a person acts as a temporary insurance producer in the State, the person must obtain:
(1)a temporary license in the kind or subdivision of insurance for which the person intends to act as an insurance producer; and
(2)if applicable, an appointment from an insurer.
(c)An applicant for a temporary license shall:
(1)file with the Commissioner an application on the form that the Commissioner provides; and
(2)pay to the Commissioner the applicable fee required by § 2-112 of this article.
(d)Within 30 days after the date an application is received, the Commissioner shall:
(1)issue a temporary license to the applicant; or
(2)refuse in writing to issue a temporary license, stating the reasons for the refusal.
(e)A temporary license issued under subsection
(a)of this section expires 15 months after its effective date.