Code of Maryland Regulations
Title 31 - MARYLAND INSURANCE ADMINISTRATION
Subtitle 03 - INSURANCE PRODUCERS AND OTHER INSURANCE PROFESSIONALS
Chapter 31.03.12 - Procedures - Written Consent - Federal Law
Section 31.03.12.03 - Written Consent Required

Universal Citation: MD Code Reg 31.03.12.03

Current through Register Vol. 51, No. 19, September 20, 2024

A. Scope. This regulation applies to the following individuals:

(1) An officer, director, or employee of a domestic insurer;

(2) An individual who performs substantial insurance-related activities for a domestic insurer or a resident licensee, including:
(a) An insurance producer;

(b) A third-party administrator;

(c) An independent contractor;

(d) An actuary;

(e) A reinsurer;

(f) An underwriter; and

(g) An adjuster; and

(3) An individual who maintains a resident license or certificate of qualification in Maryland, including:
(a) An insurance producer;

(b) A managing general agent;

(c) An adjuster;

(d) A SHOP exchange navigator; and

(e) An individual exchange navigator.

B. Consent Required. If an individual to whom this regulation applies has been convicted of a felony involving dishonesty, a felony involving breach of trust, or a violation of the federal Violent Crime Control and Law Enforcement Act of 1994, the individual may not engage in the business of insurance affecting interstate commerce in Maryland unless the individual obtains the written consent of the Insurance Commissioner.

C. Exceptions. Notwithstanding §B of this regulation, an individual is not required to obtain the written consent of the Insurance Commissioner if:

(1) The conviction of the individual has been expunged; or

(2) The individual has been pardoned for the conviction.

Disclaimer: These regulations may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.