PARRIS N. GLENDENING, Governor

Ch. 656

170.1.

(A)     (1) IF AN APPLICATION FOR RENEWAL OF AN AGENT'S OR BROKER'S
CERTIFICATE OF QUALIFICATION HAS NOT BEEN RECEIVED BY THE COMMISSIONER
IS NOT POSTMARKED ON OR BEFORE JUNE 30 OF THE YEAR OF RENEWAL, IN
ACCORDANCE WITH § 170 OF THIS ARTICLE, THE CERTIFICATE OF QUALIFICATION
SHALL EXPIRE AT THE END OF THE AFTER THAT JUNE 30 IMMEDIATELY PRECEDING
THE RENEWAL DATE

(2) IF A CERTIFICATE OF QUALIFICATION EXPIRES UNDER PARAGRAPH
(1) OF THIS SUBSECTION, THE APPOINTMENTS HELD BY THE AGENT SHALL BE
TERMINATED AS OF THE DAY OF THE EXPIRATION OF THE CERTIFICATE.

(B)     ON OR BEFORE SEPTEMBER 30 OF THE RENEWAL YEAR, A PERSON WHOSE
CERTIFICATE OF QUALIFICATION HAS EXPIRED MAY REINSTATE THE EXPIRED
CERTIFICATE BY:

(1)     FILING WITH THE COMMISSIONER THE APPROPRIATE
REINSTATEMENT APPLICATION;

(2)     PAYING TO THE COMMISSIONER THE APPLICABLE REINSTATEMENT
FEE REQUIRED UNDER SUBSECTION (C) OF THIS SECTION; AND

(3)     SUBMITTING PROOF OF COMPLETION OF THE CONTINUING
EDUCATION REQUIREMENTS IN § 170(C) OF THIS ARTICLE.

(C)     THE FEE FOR A REINSTATEMENT UNDER THIS SECTION SHALL BE TWICE
THE AMOUNT CHARGED FOR A FULL RENEWAL PERIOD FOR THE TYPE OF
CERTIFICATE OF QUALIFICATION HELD BY THE PERSON SEEKING THE
REINSTATEMENT.

(D)     (1) A PERSON WHOSE BROKER'S CERTIFICATE OF QUALIFICATION HAS
EXPIRED MAY NOT CONDUCT IS PROHIBITED FROM CONDUCTING ANY INSURANCE
BUSINESS UNTIL THE EFFECTIVE DATE OF REINSTATEMENT OF THE CERTIFICATE
OF QUALIFICATION.

(2) A PERSON WHOSE AGENT'S CERTIFICATE OF QUALIFICATION HAS
EXPIRED MAY NOT CONDUCT IS PROHIBITED FROM CONDUCTING ANY INSURANCE
BUSINESS UNLESS THE PERSON:

(I)      HAS OBTAINED A REINSTATEMENT OF THE CERTIFICATE OF
QUALIFICATION; AND

(II)    HAS OBTAINED AN APPOINTMENT FROM AT LEAST ONE
INSURER.

(E)     A PERSON WHO DOES NOT COMPLY WITH SUBSECTION (B) OF THIS
SECTION ON OR BEFORE THE END OF SEPTEMBER 30 OF THE YEAR OF EXPIRATION
SHALL APPLY FOR A CERTIFICATE OF QUALIFICATION UNDER § 168 OF THIS ARTICLE
AND MEET THE REQUIREMENTS SPECIFIED BY THE COMMISSIONER IN
REGULATION.

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