Current with changes from the 2024 Legislative Session, chs. 2--407, effective on or before 7/1/2024
Section 10-106 - Qualifications of business entity(a) This section does not apply to a motor vehicle rental company that applies for a limited lines license to sell insurance in connection with, and incidental to, the rental of a motor vehicle under Subtitle 6 of this title.(b) To qualify for a license as an insurance producer, a business entity must designate a licensed insurance producer to act as the business entity's principal contact with the Administration.(c) The designated insurance producer shall: (1) provide to the Administration at the time of designation the insurance producer's name, business address, business telephone number, business facsimile number, and business electronic mail address;(2) notify the Insurance Administration in writing of any change in the information required by item (1) of this subsection within 10 days after the change;(3) compile and maintain, to the extent reasonably possible, a list of locations where records of the business entity are maintained; and(4) on request, cooperate with any investigation conducted by the Administration unless the cooperation is subject to a legal privilege asserted by the designated insurance producer or the business entity.