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ROBERT L. EHRLICH, JR., Governor Ch. 620
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requirements; altering the circumstances under which a title insurer is required
to report a certain suspected violation to the Maryland Insurance Commissioner
as the result of an examination; requiring a title insurance producer to notify
any title insurer with whom the title insurance producer holds an appointment
whenever a certain person is employed by or associated with the title insurance
producer; requiring a title insurance producer to make a certain determination
about a certain title insurance producer subcontractor under certain
circumstances; authorizing a certain qualified title insurer employee to apply for
a limited lines license or renewal of a limited lines license as a title insurance
producer under certain circumstances; exempting qualified title insurer
employees an employee or officer of an authorized title insurer from certain
bonding, education, experience, and examination requirements; prohibiting a
title insurance producer from using or accepting the services of a certain title
insurance producer independent contractor unless the title insurance producer
independent contractor holds a certain appointment; requiring a certain blanket
fidelity bond to cover certain independent contractors; clarifying that the
Commissioner may issue a limited lines license to an attorney at law who
solicits, procures, or negotiates title insurance contracts to act as a title
insurance producer; providing for the applicability of certain licensing
provisions to certain attorneys at law; altering the applicability to attorneys and
law firms of certain bonding requirements, certain limited liability company,
corporate, and partnership requirements, certain licensing requirements, and
certain education, experience, and examination requirements; altering certain
notice requirements as to the availability of title insurance; exempting certain
real estate transactions from certain notice provisions as to the availability of
title insurance; altering certain definitions; defining certain terms; making
certain conforming changes: and generally relating to title insurers and title
insurance producers.
BY repealing and reenacting, with amendments,
Article - Insurance
Section 10-101(j) and (k), 10-121(d)(1)(i), (j), (k), and (l) and 10-125
Annotated Code of Maryland
(2003 Replacement Volume and 2005 Supplement)
BY adding to
Article - Insurance
Section 10-101(j), 10-121(k); and 10-121.1, and 10-121.2
Annotated Code of Maryland
(2003 Replacement Volume and 2005 Supplement)
BY repealing and reenacting, with amendments,
Article - Insurance
Section 22-102
Annotated Code of Maryland
(2002 Replacement Volume and 2005 Supplement)
- 2887 -
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