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S.B. 463 VETOES
ANY PROVISION OF THIS ARTICLE ENGAGED IN ANY OF THE PROHIBITED ACTIVITIES
SET FORTH IN § 10-126 OF THIS SUBTITLE, the title insurer shall report in writing the
suspected violation to the Commissioner and submit a copy of the examination,
(4) The examination required under this section is in addition to any
examination conducted by the Commissioner to determine compliance with the
accounts maintained for the benefit of the Maryland Affordable Housing Trust under
§ 22-103 of this article.
(5) THE TITLE INSURER IS NOT REQUIRED TO PERFORM THE ON-SITE
REVIEW OF A TITLE INSURANCE PRODUCER FOR THE CALENDAR YEAR IN WHICH
THE TITLE INSURER TERMINATES THE TITLE INSURANCE PRODUCER'S
APPOINTMENT DURING WHICH THE TITLE INSURANCE PRODUCER IS INITIALLY
APPOINTED IF THE APPOINTMENT IS MADE ON OR AFTER JUNE 30 OF THAT
CALENDAR YEAR.
(K) (1) A TITLE INSURANCE PRODUCER SHALL NOTIFY ANY TITLE INSURER
WITH WHOM THE TITLE INSURANCE PRODUCER HOLDS AN APPOINTMENT
WHENEVER A PERSON LICENSED UNDER THIS SUBTITLE BECOMES EMPLOYED BY,
OR ASSOCIATED WITH. THE TITLE INSURANCE PRODUCER
(2) THE BONDING REQUIREMENTS OF THIS SUBTITLE RELATING TO
TITLE INSURANCE PRODUCERS DO NOT APPLY TO AN EMPLOYEE OR OFFICER OF AN
AUTHORIZED TITLE INSURER
[(k)] (L) (1) A title insurance producer shall notify the Commissioner, and
any insurer with whom the title insurance producer holds an appointment, if an
individual licensed under this subtitle leaves the employment of or ends an
association with the title insurance producer.
(2) The title insurance producer required to provide notice under this
subsection shall notify the Commissioner within 5 working days after the day the
individual leaves employment or ends the association.
(3) The notice required under this subsection shall be in writing and by
certified mail.
[(l)] (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.
10-125
(a) (1) In this section the following words have the meanings indicated.
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