Section 10-704 - Limited lines license. - Maryland Statutes

§ 10-704. Limited lines license.
 

(a)  Commissioner to issue license; requirements.- The Commissioner shall issue to a vendor a limited lines license authorizing the vendor to sell or offer to sell coverage under a policy of portable electronics insurance to a customer in connection with, and incidental to, a portable electronics transaction if the vendor: 

(1) meets the requirements of § 10-705 of this subtitle; 

(2) pays the fees for insurance producers required under § 2-112 of this article that are applicable to an insurance producer license; and 

(3) submits to the Commissioner any additional information or documentation that the Commissioner requires, including any information or documentation needed to determine the professional competence, good character, and trustworthiness of the vendor. 

(b)  Term and renewal conditions.- A limited lines license under this subtitle is subject to the same term and renewal conditions that are specified for an insurance producer license under § 10-115 of this title. 
 

[2009, chs. 316, 317.]