Md. Code, Ins. § 10-120

Current with changes from the 2024 Legislative Session
Section 10-120 - Temporary licenses
(a) Without regard to the examination requirements of this subtitle, the Commissioner may issue a temporary license to act as an insurance producer to an individual if the individual:
(1) is otherwise qualified; and
(2) is:
(i) the surviving spouse, next of kin, personal representative, or appointee of the personal representative, of a deceased insurance producer;
(ii) the spouse, next of kin, employee, or legal guardian of a mentally or physically disabled insurance producer; or
(iii) an employee of a firm, or an officer or employee of a corporation, of a deceased or disabled insurance producer.
(b) Before a person acts as a temporary insurance producer in the State, the person must obtain:
(1) a temporary license in the kind or subdivision of insurance for which the person intends to act as an insurance producer; and
(2) if applicable, an appointment from an insurer.
(c) An applicant for a temporary license shall:
(1) file with the Commissioner an application on the form that the Commissioner provides; and
(2) pay to the Commissioner the applicable fee required by § 2-112 of this article.
(d) Within 30 days after the date an application is received, the Commissioner shall:
(1) issue a temporary license to the applicant; or
(2) refuse in writing to issue a temporary license, stating the reasons for the refusal.
(e) A temporary license issued under subsection (a) of this section expires 15 months after its effective date.

Md. Code, IN § 10-120

Amended by 2024 Md. Laws, Ch. 874,Sec. 1, eff. 10/1/2024.
Amended by 2024 Md. Laws, Ch. 873,Sec. 1, eff. 10/1/2024.