1. A. Required. An insurer authorized to transact the business of insurance in the State shall maintain a producer register.

2. B. Form and Content.

   1. (1) Within 30 days after appointing an insurance producer, an insurer shall add the following information to the insurer's producer register:

      1. (a) The Maryland license number of the insurance producer;
      2. (b) If the insurance producer is an individual, the first and last name and residence or business address of the individual;

      3. (c) If the insurance producer is a business entity:

         1. (i) The tax ID number of the insurance producer;
         2. (ii) The name of the business entity; and
         3. (iii) The address of the business entity; and
      4. (d) The date that the insurance producer was appointed.

   2. (2) Within 30 days after the effective date of an insurer's termination of an appointment of an insurance producer, the insurer shall add the following information to the insurer's producer register:

      1. (a) The effective date of the termination of the appointment; and
      2. (b) An identifier that indicates if the termination was wholly or partly the result of a belief that the insurance producer engaged or is engaging in any of the activities set forth in Insurance Article, §10-126, Annotated Code of Maryland.

   3. (3) Each item that an insurer is required to include in its producer register under §B(1) and (2) of this regulation shall be entered:

      1. (a) On a separate line or space; or
      2. (b) If the producer register is maintained electronically, in a separate searchable field.
   4. (4) If an insurer maintains its producer register electronically, the insurer shall maintain the producer register in a manner that allows the information in the producer register to be retrieved within 10 working days after a request from the Insurance Commissioner.

Authority: Insurance Article, §§2-109(a)(1), 10-103(c), and 10-118(j), Annotated Code of Maryland

Effective date:

Regulations .01—.05 adopted as an emergency provision effective January 1, 2004 (31:1 Md. R. 29); adopted permanently effective June 21, 2004 (31:12 Md. R. 915)

Regulation .02B amended effective February 26, 2007 (34:4 Md. R. 403); February 25, 2019 (46:4 Md. R. 191); February 21, 2022 (49:4 Md. R. 302)

Regulation .04A amended effective February 25, 2019 (46:4 Md. R. 191); February 21, 2022 (49:4 Md. R. 302)

Regulation .05A amended effective April 10, 2006 (33:7 Md. R. 675)

Regulation .06 adopted effective August 14, 2006 (33:16 Md. R. 1366)