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14.35.05.00.htm 14.35.05.00. Title 14 INDEPENDENT AGENCIES Subtitle 35 MARYLAND HEALTH BENEFIT EXCHANGE Chapter 05 Insurance Producer Authorization ― Renewal, Reinstatement, and Suspension or Revocation of Authorization Authority: Insurance Article, §31-106, 31-112(f) (g) and (h) and 31-113(m) (n) and (o) Annotated Code of Maryland
14.35.05.01.htm 14.35.05.01. 01 Term.. An insurance producer authorization expires 2 years after the date it is issued unless it is renewed.
14.35.05.02.htm 14.35.05.02. 02 Renewal.. A. Notice.. 1) At least 60 days before the expiration of an insurance producer authorization, the Exchange shall notify the authorized insurance producer of the expiration of the authorization.2)The notification shall include:. a) A renewal application;. b) The date by which the Exchange must receive the renewal application for the renewal to be issued before the authorization expires; andc) The amount of the renewal fee.. B. Eligibility for Renewa
14.35.05.03.htm 14.35.05.03. 03 Reinstatement.. A. For up to 1 year after the expiration date, an individual whose insurance producer authorization has expired may apply to reinstate the expired authorization by:1) Filing a reinstatement application, either by mail or electronically, on the form approved by the Exchange;2) Paying to the Exchange the renewal fee if permitted by law and in the manner specified by the Exchange;3) Paying to the Exchange a reinstatement fee if permitted by law and in th
14.35.05.04.htm 14.35.05.04. 04 Suspension or Revocation.. A. The Exchange may suspend or revoke an insurance producer authorization for a licensed producer authorized to sell qualified plans in the SHOP Exchange as set forth under Insurance Article, §31-112(f)3)i) Annotated Code of Maryland.B. The Exchange may suspend or revoke an insurance producer authorization for a licensed producer authorized to sell qualified plans in the Individual Exchange as set forth under Insurance Article, §3
14.35.05.9999.htm 14.35.05.9999. Administrative History Effective date: April 15, 2013 (40:7 Md. R. 612).
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