Ch. 365

LAWS OF MARYLAND

BY repealing and reenacting, with amendments,

Article 48A - Insurance Code

Section 171

Annotated Code of Maryland

(1986 Replacement Volume and 1987 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 48A - Insurance Code

166.

As used in this subtitle:

(G) "RESIDENT" MEANS A PERSON WHO:

(1)  RESIDES IN THIS STATE; OR

(2)  DOES NOT RESIDE IN THIS STATE BUT MAINTAINS A
PLACE OF BUSINESS IN THIS STATE, PROVIDED THAT THE LAW OF THE
STATE WHERE THE PERSON ACTUALLY RESIDES DEFINES A PERSON WHO HAS
A PLACE OF BUSINESS IN THAT STATE AS A RESIDENT OF THAT STATE FOR
THE PURPOSE OF LICENSING THE PERSON AS AN AGENT OR BROKER.

171.

(a)  A person [not resident and not having a place of
business in this State] WHO IS NOT A RESIDENT OF THIS STATE, AS
DEFINED IN § 166(G) OF THIS ARTICLE, may receive a certificate
to act as an agent or broker upon compliance with the provisions
of this subtitle, other than the provisions of § 177(1) of this
subtitle relating to education or experience, provided that the
state in which such person resides will accord the same privilege
to a resident of this State.

(b)  An agent or broker duly certified by any other state,
residing outside of this State, may not enter this State for the
purpose of transacting business without obtaining a certificate.
He may, after obtaining a certificate and appointment, if
applicable, negotiate any contract of insurance upon subjects of
insurance resident, located, or to be performed in this State to
the same extent and upon the same terms and upon payment of the
same fees as are required by such other state from residents of
this State transacting a like business in such other state.

(c)  The Commissioner is further authorized to enter into
reciprocal agreements with the appropriate official of any other
state waiving the written examination of any applicant resident
in such other state, provided:

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