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PARRIS N. GLENDENING, Governor Ch. 18
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receives premiums in the insurance producer's office, if the employee's compensation
does not vary with the number of applications or amount of premiums;
(ii) a regular salaried officer or employee of an insurer who gives
help to or for a licensed insurance producer, if the officer or employee is not paid a
commission or other compensation that depends directly on the amount of business
obtained; or
(iii) if not paid a commission, a person that obtains and forwards
information for:
1. group insurance coverage;
2. enrolling individuals under group insurance coverage;
3. issuing certificates under group insurance coverage; or
4. otherwise assisting in administering group plans.
(v) "Insurer" includes each person engaged as indemnitor, surety, or contractor
in the business of entering into insurance contracts.
(w) "Licensed insurance producer" means an insurance producer that has:
(1) obtained a license under Title 10, Subtitle 1 of this article; and
(2) in the case of an insurance producer that acts on behalf of an insurer
other than the Maryland Automobile Insurance Fund, obtained an appointment
under Title 10, Subtitle 1 of this article.
(x) (1) "Life insurance" means insurance for which the probabilities of the
duration of human life or the rate of mortality are an element or condition of the
insurance.
(2) "Life insurance" includes the granting of:
(i) endowment benefits;
(ii) additional benefits in the event of death by accident or
accidental means;
(iii) additional disability benefits in the event of dismemberment or
loss of sight;
(iv) additional disability benefits that operate to safeguard the
contract from lapse or to provide a special surrender value, special benefit, or annuity
in the event of total and permanent disability;
(v) benefits that provide payment or reimbursement for long-term
home health care, or long-term care in a nursing home or other related institution;
(vi) burial insurance; and
(vii) optional modes of settlement of proceeds of life insurance.
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