PARRIS N. GLENDENING, Governor

Ch. 36

(2) RECEIVE COMPENSATION FROM AN INSURER, BROKER, OR AGENT
FOR THE SALE OR PLACEMENT OF INSURANCE.

REVISOR'S NOTE: This section is new language derived without substantive
change from the second sentence of former Art. 48A, § 182(b) and, as it
related to the scope of a license held by a nonresident, (g).

Defined terms: "Adviser" § 10-201
"Agent" § 1-101
"Broker" § 1-101
"Health insurance" § 1-101
"Insurance" § 1-101
"Insurer" § 1-101
"License" § 10-201
"Life insurance" § 1-101

10-209. LIMITED LICENSES.

(A)     AUTHORITY TO ISSUE.

(1)     THE COMMISSIONER MAY ISSUE A LIMITED LICENSE THAT
RESTRICTS THE AUTHORITY OF THE LICENSEE TO THE EXTENT AGREED ON WITH
THE LICENSEE.

(2)     EACH LIMITATION SHALL BE STATED IN THE LICENSE.

(B)     GOVERNED BY SUBTITLE.

THE ISSUANCE OF LIMITED LICENSES IS GOVERNED BY THE PROVISIONS
RELATING TO ADVISERS UNDER THIS SUBTITLE.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 182(d)(2).

Defined terms: "Adviser" § 10-201
"Commissioner" § 1-101
"License" § 10-201

10-210. CONDUCTING BUSINESS AS SOLE PROPRIETORSHIP, PARTNERSHIP,
ASSOCIATION, OR CORPORATION.

A LICENSEE MAY CONDUCT AN INSURANCE ADVISORY BUSINESS AS A SOLE
PROPRIETORSHIP, PARTNERSHIP, ASSOCIATION, OR CORPORATION IF:

(1)     EACH INDIVIDUAL WHO ACTS AS AN ADVISER IS LICENSED UNDER
THIS SUBTITLE; AND

(2)     THE TRADE NAME OF THE BUSINESS IS REGISTERED WITH THE
COMMISSIONER.

REVISOR'S NOTE: This section is new language derived without substantive
change from the second sentence of former Art. 48A, § 182(d)(3).

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