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31.03.11.00.htm 31.03.11.00. Title 31 MARYLAND INSURANCE ADMINISTRATION Subtitle 03 INSURANCE PRODUCERS AND OTHER INSURANCE PROFESSIONALS Chapter 11 Motor Vehicle Rental Companies ― Limited Lines License Authority: Insurance Article, §2-109, and Title 10, Subtitle 6; Annotated Code of Maryland
31.03.11.01.htm 31.03.11.01. 01 Scope.. This chapter applies to motor vehicle rental companies that sell or offer any insurance coverage in this State to a motor vehicle renter in connection with, and incidental to, a motor vehicle rental agreement.
31.03.11.02.htm 31.03.11.02. 02 Definitions.. A. In this chapter, the following terms have the meanings indicated.. B. Terms Defined.. 1) "Franchisee" means a person to whom a franchise has been granted by a motor vehicle rental company under Business Regulation Article, Title 14, Subtitle 2, Annotated Code of Maryland.2) "Limited lines license" means a limited lines license to sell insurance in connection with, and incidental to, the rental of a vehicle.3) Motor Vehicle Rental Company..
31.03.11.03.htm 31.03.11.03. 03 Limited Lines License and Appointment Required.. Before a motor vehicle rental company or an employee of a motor vehicle rental company sells or offers any policies of insurance in this State to a renter in connection with, and incidental to, a rental agreement, the motor vehicle rental company shall:A. Hold a limited lines license issued by the Commissioner; and. B. Have on file with the Commissioner an appointment from each authorized insurer that the motor veh
31.03.11.04.htm 31.03.11.04. 04 Application for Limited Lines License.. An applicant for a limited lines license shall:. A. Submit an application to the Commissioner on the form approved by the Commissioner;. B. Pay to the Commissioner the applicable fee required under Insurance Article, §2-212, Annotated Code of Maryland, for an insurance producer license;C. Submit with the application a disclosure as set out in Regulation .06 of this chapter, including any brochures or other wrD. Submit with the applic
31.03.11.05.htm 31.03.11.05. 05 Issuance, Term, and Renewal of Limited Lines License.. A. Issuance. The Commissioner shall issue a limited lines license to each applicant who meets the requirements of Regulation .04 of this chapter and Insurance Article, §10-603 and 10-604, Annotated Code of Maryland.B. Term and Renewal. A limited lines license expires every other year on the anniversary date of the issuance of the license unless renewed as provided in Insurance Article, §10-115, Annotated Code of Maryland.
31.03.11.06.htm 31.03.11.06. 06 Disclosures.. A. In General. Before the completion of a rental transaction, a motor vehicle rental company shall provide to a prospective renter who purchases any of the insurance coverages a disclosure that meets the requirements of this regulation.B. Sale or Offer of Insurance on Business Premises. If a motor vehicle rental company sells or offers to sell insurance on any business premises of the motor vehicle rental company in connection with, and incidental to, a ren
31.03.11.07.htm 31.03.11.07. 07 Training Program.. A. In General.. 1) Each motor vehicle rental company shall have a training program for its employees who sell, solicit, or negotiate insurance coverage under this chapter.2) Employees shall take the course, in person, before selling, soliciting, or negotiating insurance coverage.B. The training program shall include instruction:. 1) About the kinds of insurance that motor vehicle rental companies may sell or offer under this chapter;2) That the trainee shall
31.03.11.9999.htm 31.03.11.9999. Administrative History Effective date: September 1, 2002 (29:11 Md. R. 890).
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