Ch. 35

2003 LAWS OF MARYLAND

[(i)] 1. the termination; or

[(ii)] 2. the activities of the insurance producer if the insurance
producer was terminated for cause due to a reason set forth in § 10-126 of this
subtitle.

(2) IF THE APPOINTMENT OF AN INSURANCE PRODUCER IS
TERMINATED BECAUSE THE INSURANCE PRODUCER FAILED TO RENEW THE
INSURANCE PRODUCER'S LICENSE AND THE LICENSE IS REINSTATED UNDER §
10-116.1(C)(1) OF THIS SUBTITLE, AN INSURER MAY REAPPOINT THE INSURANCE
PRODUCER RETROACTIVELY, WITH THE APPOINTMENT EFFECTIVE ON THE DATE
THAT THE LICENSE EXPIRED.

[(d)] (F) An insurer or authorized representative of an insurer promptly shall
notify the Commissioner, in a format acceptable to the Commissioner, of any
additional information that:

(1)     the insurer discovers on further review or investigation; and

(2)     would have been reportable to the Commissioner under subsection
[(c)] (e) of this section if the insurer had then known of its existence.

[(e)] (G) (1) Within 15 days after providing notice to the Commissioner that
is required by subsection [(a) or (b)] (E) of this section, an insurer shall mail a copy of
the notice to the insurance [producer at the last known address of the insurance
producer.

(2) If an insurance producer is terminated for cause due to any reason
listed in § 10-126 of this subtitle, the insurer shall send a copy of the notice to the
insurance] producer:

(i) at the last known address of the insurance producer; and

(ii) by certified mail, return receipt requested, postage prepaid or
by overnight delivery using a nationally recognized carrier.

[(3)] (2) Within 30 days after an insurance producer receives original or
additional notice, the insurance producer may file with the Commissioner written
comments concerning the substance of the notice.

[(4)] (3) If an insurance producer files comments with the
Commissioner, the insurance producer shall, by the same means, simultaneously
send a copy of the comments to the reporting insurer.

[(5)] (4) If the Commissioner receives comments from an insurance
producer, the Commissioner shall:

(i) make the comments part of the Commissioner's file on the
subject: and

(ii) include a copy of the comments with every copy of a report
about the insurance producer that is distributed or disclosed for any reason permitted
by subsection [(g)] (I) of this section.

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