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2007 Laws of Maryland
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Ch. 109
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(j) "Title insurance producer independent contractor" means a person that:
(1) is licensed to act as a title insurance producer;
(2) provides escrow, closing, or settlement services that may result in
the issuance of a title insurance contract as an independent contractor for, or on behalf
of, a licensed and appointed title insurance producer; and
(3) is not an employee of, or associated with, the licensed and
appointed title insurance producer.
(k) "trade name" means a name, symbol, or word, or
combination of two or more of these that a person uses to:
(1) identify its business, occupation, or self in a
business capacity; and
(2) be distinguished from another business, occupation,
or person.
[(k)] (l) "Uniform application" means the current version of the NAIC
uniform application for resident and nonresident insurance producer licensing.
[(l)] (m) "Uniform business entity application" means the current version of
the NAIC uniform business entity application for resident and nonresident business
entities.
10-113.
(a) A license authorizes the holder of the license to act as an insurance
producer for the kind or subdivision of insurance or combination of kinds or
subdivisions of insurance specified in the license.
(b) The holder of a license may not use any name other than
the name in which the license is issued or a trade name filed with
the Commissioner under this subtitle to engage in any activity for
which a license is required, including the execution of any
document related to marketing, negotiation, selling, or issuance of
insurance.
[(b)] (c) A license does not create any actual, apparent, or inherent
authority in the holder to represent or commit an insurer.
10-117.
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