Ch. 35

2003 LAWS OF MARYLAND

(2)   WITHIN 30 DAYS OF THE INSURER APPOINTING AN INSURANCE
PRODUCER, THE INSURER SHALL INCLUDE THE FOLLOWING INFORMATION IN THE
INSURER'S PRODUCER REGISTER:

(I)   THE INSURANCE PRODUCER'S NAME;

(II)  THE LICENSE NUMBER ASSIGNED TO THE INSURANCE
PRODUCER BY THE COMMISSIONER;

(III)  THE DATE THAT THE INSURER APPOINTED THE INSURANCE
PRODUCER; AND

(IV)  ANY ADDITIONAL INFORMATION THAT THE COMMISSIONER
MAY REQUIRE.

(3)   AN INSURER SHALL SEND WRITTEN DOCUMENTATION OF THE
APPOINTMENT TO THE INSURANCE PRODUCER

(C) A LICENSED INSURANCE PRODUCER THAT HAS BEEN APPOINTED BY AN
INSURER SHALL MAINTAIN:

(1)   DOCUMENTATION OF THE INSURER'S APPOINTMENT; AND

(2)   A LIST OF THE INSURERS THAT HAVE APPOINTED THE PRODUCER

[(3) If the appointment of an insurance producer is terminated because
the insurance producer failed to renew the insurance producer's license and the
license subsequently is reinstated under § 10-116.1(c)(1) of this subtitle, an insurer
may reappoint the insurance producer retroactively, with the reappointment effective
on the date that the license expired.

(b)     Within 30 days after an insurer receives an application for life insurance,
health insurance, or an annuity from an insurance producer that does not have an
appointment from the insurer, the insurer shall:

(1)     reject the application in accordance with § 27-501 of this article; or

(2)     file with the Commissioner written notice of appointment under
subsection (a) of this section.

(c)      (1) When an insurer or authorized representative of an insurer
terminates the appointment, employment, contract, or other similar authority of an
insurance producer, the insurer or authorized representative shall notify the
Commissioner of the termination:

(i) within 30 days after the effective date of the termination; and

(ii) in the format required by the Commissioner.

(2) The notification shall state if:

(i) the termination was for a reason set forth in § 10-126 of this
subtitle;

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