Ch. 36

1995 LAWS OF. MARYLAND -

(2) IN THE MANNER THE COMMISSIONER REASONABLY REQUIRES.
(D) DENIAL, RENEWAL, SUSPENSION, AND REVOCATION OF LICENSE.

(1)     A VENDING MACHINE LICENSE IS SUBJECT TO RENEWAL,
SUSPENSION, AND REVOCATION AS THE CERTIFICATE OF QUALIFICATION OF THE
AGENT IS RENEWED, SUSPENDED, OR REVOKED.

(2)     A VENDING MACHINE LICENSE MAY NOT BE ISSUED OR RENEWED
UNLESS THE POLICY SOLD THROUGH THE VENDING MACHINE CONFORMS TO THE
APPLICABLE REQUIREMENTS FOR THE POLICY UNDER THIS ARTICLE.

(3)     THE ANNUAL VENDING MACHINE LICENSE FEE IS PROVIDED IN §
2-112 OF THIS ARTICLE.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 173(b).

The Insurance Article Review Committee notes, for consideration by the
General Assembly, that in practice vending machine licenses are not issued to
agents. Instead, they are issued directly to insurers, which do not need to
obtain certificates of qualification as agents. The General Assembly may wish
to consider if subsection (a)(1) of this section should be changed to reflect this
practice.

The Insurance Article Review Committee also notes, for consideration by the
General Assembly, that § 2-112 of this article provides for biennial license
fees for vending machine licenses, instead of annual license fees as this section
does.

Defined terms: "Agent" § 1-101

"Certificate of qualification" § 10-101
"Commissioner" § 1-101
. "Insurer" § 1-101
"Life insurance" § 1-101
"Policy" § 1-101

10-124. SAME — MOTOR VEHICLE INSURANCE.

ON APPLICATION, THE COMMISSIONER SHALL ISSUE TO AN INDIVIDUAL
QUALIFIED IN ACCORDANCE WITH THIS SUBTITLE A CERTIFICATE OF
QUALIFICATION LIMITED TO THE BUSINESS OF SELLING MOTOR VEHICLE
INSURANCE COVERAGES ONLY, INCLUDING BODILY INJURY LIABILITY, PROPERTY
DAMAGE LIABILITY, AND AUTOMOBILE PHYSICAL DAMAGE.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 173(c).

Defined terms: "Certificate of qualification" § 10-101
"Commissioner" § 1-101

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