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Ch. 109
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Martin O'Malley, Governor
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(ii) is limited to partially or wholly extinguishing that credit
obligation; and
(iii) the Commissioner determines should be designated a form
of limited line credit insurance.
(f) "Limited line credit insurance producer" means a person who sells,
solicits, or negotiates one or more forms of limited line credit insurance coverage to
individuals through a master, corporate, group, or individual policy.
(g) "Limited lines insurance" means:
(1) limited line credit insurance;
(2) the lines of insurance described in §§ 10-122 through 10-125 of
this subtitle;
(3) insurance sold in connection with, and incidental to, the rental of a
motor vehicle under Subtitle 6 of this title; or
(4) any other line of insurance that the Commissioner considers
necessary to recognize for the purpose of complying with § 10-119(d) of this subtitle.
(h) "Limited lines insurance producer" means a person authorized by the
Commissioner to sell, solicit, or negotiate limited lines insurance.
(i) (1) "Title insurance producer" means a person that, for compensation,
solicits, procures, or negotiates title insurance contracts.
(2) "Title insurance producer" includes a person that provides escrow,
closing, or settlement services that may result in the issuance of a title insurance
contract.
(3) "Title insurance producer" does not include:
(i) individuals employed and used by title insurance producers
for the performance of clerical and similar office duties;
(ii) a financial institution as defined in § 1-10l(i) of the
Financial Institutions Article that does not solicit, procure, or negotiate title insurance
contracts for compensation; or
(iii) a title insurance insurer that is licensed under this article.
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- 1009 -
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