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Ch. 620 2006 LAWS OF MARYLAND
(3) The notice required under this subsection shall be in writing and by
certified mail.
[(1)] (M) In addition to any requirements under Title 10, Subtitle 1 of this
article, title insurance producers shall comply with this section.
10-121.1.
A TITLE INSURANCE PRODUCER MAY NOT USE OR ACCEPT THE SERVICES OF A
TITLE INSURANCE PRODUCER INDEPENDENT CONTRACTOR UNLESS THE TITLE
INSURANCE PRODUCER INDEPENDENT CONTRACTOR HOLDS AN APPOINTMENT
WITH THE TITLE INSURER WITH WHICH THE CONTRACT OF TITLE INSURANCE MAY
BE PLACED.
(A) IN THIS SECTION, 'TITLE INSURANCE PRODUCER SUBCONTRACTOR"
MEANS A PERSON THAT;
(1) IS LICENSED TO ACT AS A TITLE INSURANCE PRODUCER;
(2) PROVIDES ESCROW, CLOSING, OR SETTLEMENT SERVICES AS AN
INDEPENDENT CONTRACTOR FOR, OR ON BEHALF OF, A LICENSED AND APPOINTED
TITLE INSURANCE PRODUCER; AND
(3) IS NOT AN EMPLOYEE OF, OR ASSOCIATED WITH, THE LICENSED AND
APPOINTED TITLE INSURANCE PRODUCER
(B) BEFORE UTILIZING OR ACCEPTING THE SERVICES OF A TITLE INSURANCE
PRODUCER SUBCONTRACTOR, A TITLE INSURANCE PRODUCER THAT DESIRES TO
ISSUE A POLICY OF TITLE INSURANCE RESULTING FROM A SETTLEMENT, ESCROW,
OR CLOSING CONDUCTED BY A TITLE INSURANCE PRODUCER SUBCONTRACTOR,
SHALL FIRST DETERMINE WHETHER THE TITLE INSURANCE PRODUCER
SUBCONTRACTOR HOLDS AN APPOINTMENT WITH THE TITLE INSURER WITH WHOM
THE CONTRACT OF TITLE INSURANCE WILL BE PLACED.
10-121.2.
(A) IN THIS SECTION, "QUALIFIED TITLE INSURER EMPLOYEE" MEANS AN
EMPLOYEE OR OFFICER OF AN AUTHORIZED TITLE INSURER WHO IS EMPLOYED BY,
OR ACTS AS AN OFFICER ON BEHALF OF, AN AUTHORIZED TITLE INSURER FOR A
PERIOD OF AT LEAST 2 YEARS.
(B) SUBJECT TO THIS SECTION, THE COMMISSIONER MAY ISSUE A LIMITED
LINES LICENSE TO A QUALIFIED TITLE INSURER EMPLOYEE TO ACT AS A TITLE
INSURANCE PRODUCER
(C) TO APPLY FOR A LIMITED LINES LICENSE OR RENEWAL OF A LIMITED
LINES LICENSE AS A QUALIFIED TITLE INSURER EMPLOYEE, AN EMPLOYEE OR
OFFICER OF AN AUTHORIZED TITLE INSURER SHALL SUBMIT TO THE COMMISSIONER
A STATEMENT FROM THE AUTHORIZED TITLE INSURER BY WHOM THE APPLICANT IS
EMPLOYED OR FOR WHOM THE APPLICANT ACTS AS OFFICER, STATING FACTS THAT
INDICATE THAT THE APPLICANT HAS BEEN EMPLOYED BY, OR HAS ACTED AS AN
OFFICER FOR, THE AUTHORIZED TITLE INSURER FOR A PERIOD OF AT LEAST 3 YEARS
PRECEDING SUBMISSION OF THE APPLICATION.
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