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31.03.13.00.htm 31.03.13.00. Title 31 MARYLAND INSURANCE ADMINISTRATION Subtitle 03 INSURANCE PRODUCERS AND OTHER INSURANCE PROFESSIONALS Chapter 13 Producer Registers and Documentation of Appointments Authority: Insurance Article, §2-109(a)1) 10-103(c) and 10-118(j) Annotated Code of Maryland
31.03.13.01.htm 31.03.13.01. 01 Definition.. A. In this chapter, the following term has the meaning indicated.. B. Term Defined. "Producer register" means a register of appointed insurance producers who are authorized to sell, solicit, or negotiate contracts of insurance on behalf of an insurer.
31.03.13.02.htm 31.03.13.02. 02 Producer Register.. A. Required. An insurer authorized to transact the business of insurance in the State shall maintain a producer register.B. Form and Content.. 1) Within 30 days after appointing an insurance producer, an insurer shall add the following information to the insurer's producer register:a) The internal code for the insurance producer;. b) The Maryland license number of the insurance producer;.
31.03.13.03.htm 31.03.13.03. 03 Updating and Maintaining Producer Register.. A. At least once every 31 days, an insurer shall determine whether the license of any insurance producer who currently is appointed by the insurer has been suspended or revoked.B. After determining that the license of an insurance producer who currently is appointed by an insurer has been suspended or revoked, the insurer shall:1) Within 5 business days after making the determination, terminate the appointment of the insurance
31.03.13.04.htm 31.03.13.04. 04 Documentation of Appointment.. A. Within 30 days after appointing an insurance producer, an insurer shall provide the insurance producer with written documentation of the appointment that contains, at a minimum:1) The name of the insurer;. 2) The date that the documentation was provided to the insurance producer;. 3) The Maryland license number of the insurance producer;. 4) If the insurance producer is an individual, the first and last name of the individual and, if kno
31.03.13.05.htm 31.03.13.05. 05 Maintenance of Information by Insurance Producer.. A. A licensed insurance producer that has received written documentation of an appointment from an insurer shall maintain:1) The documentation of the insurer's appointment that is provided by the insurer under Regulation .04 of this chapter; and2) A list of insurers that have appointed the insurance producer.. B. If an insurance producer maintains the information required to be maintained by §A of this regula
31.03.13.06.htm 31.03.13.06. 06 Producer Action on Behalf of Insurer.. On appointment by an insurer, a licensed producer that has written documentation of the appointment pursuant to Regulation .04 of this chapter may act on behalf of the insurer before the insurer adds the producer to its register.
31.03.13.9999.htm 31.03.13.9999. Administrative History Effective date:. Regulations .01―05 adopted as an emergency provision effective January 1, 2004 (31:1 Md. R. 29) adopted permanently effective June 21, 2004 (31:12 Md. R. 915)Regulation .02B amended effective February 26, 2007 (34:4 Md. R. 403) February 25, 2019 (46:4 Md. R. 191)Regulation .04A amended effective February 25, 2019 (46:4 Md. R. 191). Regulation .05A amended effective April 10, 2006 (33:7 Md. R. 675).
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