Md. Code, Insurance § 10-106
This is the official text of Md. Code, Insurance § 10-106, part of Maryland’s Code, Insurance — regulates insurance companies and the policies they sell.
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§10–106.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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