ROBERT L. EHRLICH, JR., Governor

Ch. 35

(ii) the insurer has actual knowledge that the insurance producer
was found by a court, governmental unit, or self-regulatory organization authorized
by law to have violated § 10-126 of this subtitle; or

(iii) the termination was for a reason not set forth in § 10-126 of this
subtitle.]

(D)     (1) THE INSURER'S PRODUCER REGISTER AND THE PRODUCER'S
RECORD RELATING TO AN APPOINTMENT:

(I)      SHALL BE OPEN TO INSPECTION AND EXAMINATION BY THE
COMMISSIONER; AND

(II)     MAY BE MAINTAINED ELECTRONICALLY.

(2)      AN INSURANCE PRODUCER MAY NOT ACT ON BEHALF OF AN
INSURER UNLESS THE INSURANCE PRODUCER IS LISTED ON THE INSURER'S
PRODUCER REGISTER

(3)      AN INSURER MAY INITIALLY ACCEPT AN APPLICATION FOR LIFE
INSURANCE, HEALTH INSURANCE, OR AN ANNUITY FROM AN INSURANCE PRODUCER
WHO IS NOT APPOINTED BY THE INSURER AND IS NOT ON THE INSURER'S PRODUCER
REGISTER IF, WITHIN 30 DAYS OF ACCEPTING THE APPLICATION, THE INSURER:

(I)      REJECTS THE APPLICATION IN ACCORDANCE WITH § 27-501 OF
THIS ARTICLE; OR

(II)     APPOINTS THE INSURANCE PRODUCER AND ENTERS IN THE
INSURER'S PRODUCER REGISTER THE INFORMATION REQUIRED BY SUBSECTION (B)
OF THIS SECTION.

(E)     (1) (I) WHEN THERE IS ANY TERMINATION OF THE APPOINTMENT,
EMPLOYMENT, CONTRACT, OR OTHER INSURANCE BUSINESS RELATIONSHIP WITH
AN INSURANCE PRODUCER, THE INSURER SHALL, WITHIN 30 DAYS FOLLOWING THE
EFFECTIVE DATE OF THE TERMINATION, UPDATE THE INSURER'S PRODUCER
REGISTER BY ENTERING THE EFFECTIVE DATE OF THE TERMINATION.

(II) AN INSURER OR AUTHORIZED REPRESENTATIVE OF AN
INSURER SHALL NOTIFY THE COMMISSIONER OF THE TERMINATION OF AN
APPOINTMENT WHEN THE TERMINATION, IN WHOLE OR IN PART, IS A RESULT OF
THE BELIEF THAT THE PRODUCER HAS ENGAGED OR IS ENGAGING IN ANY OF THE
ACTIVITIES SET FORTH IN § 10-126 OF THIS SUBTITLE, INCLUDING ANY FINDING
MADE BY A COURT, GOVERNMENTAL UNIT, OR SELF-REGULATORY ORGANIZATION
AUTHORIZED BY LAW THAT:

1.       THE INSURANCE PRODUCER HAS VIOLATED § 10-126 OF
THIS SUBTITLE; OR

2.       THE INSURANCE PRODUCER HAS ENGAGED IN ANY
ACTIVITIES THAT ARE SET FORTH IN § 10-126 OF THIS SUBTITLE.

[(3)] (III) On written request of the Commissioner, the insurer shall
provide additional information, documents, records, or other data pertaining to:

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