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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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INSURANCE |
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TITLE 10. REGULATION OF INSURANCE PROFESSIONS |
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SUBTITLE 4. PUBLIC ADJUSTERS |
§ 10-409. Waiver of license requirement for nonresident
Latest version.
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(a) In general. -- Except as otherwise provided in this section, the Commissioner shall waive the license requirements for an applicant who is not a resident of the State if:
(1) the applicant has a valid public adjuster license from the home state of the applicant; and
(2) the home state of the applicant awards nonresident public adjuster licenses to residents of the State on the same basis.
(b) Requirements for nonresident license. -- Unless denied a license pursuant to § 10-410 of this subtitle, a person that is not a resident of the State may obtain a nonresident license to act as a public adjuster if:
(1) the person currently is licensed as a resident public adjuster and in good standing in the person's home state;
(2) the person files an application on the form that the Commissioner provides;
(3) the person has paid the applicable fee pursuant to § 2-112 of this article; and
(4) the person's home state awards nonresident public adjuster licenses to residents of this State on the same basis.
(c) Requirements for nonresident license -- Exception. -- A person who is not a resident of this State and whose home state does not issue a public adjuster license must meet the license requirements of § 10-404 and 10-405 of this subtitle.