Under the Maryland Insurance Article, what is the minimum age an individual must be to qualify for a producer license for insurance other than life and health?
A. 16 years old
B. 18 years old
C. 21 years old
D. 25 years old
Source: Md. Code, Ins. § 10-104
Besides the age requirement, what character standard must an individual applicant for a Maryland P&C producer license meet under § 10-104?
A. The applicant must hold a bachelor's degree in business or finance
B. The applicant must be a Maryland resident for at least five years
C. The applicant must be trustworthy and of good character, per the standards referenced in § 10-126
D. The applicant must have prior employment at a licensed insurance company
Source: Md. Code, Ins. § 10-104
How many hours of continuing education must most Maryland P&C producers complete during each two-year license term?
A. 8 hours, with no ethics requirement
B. 16 hours, all in ethics
C. 24 hours, including at least 3 hours of ethics
D. 40 hours, including at least 10 hours of ethics
Source: Md. Code, Ins. § 10-116
Under § 10-118, when an insurer terminates its appointment of a Maryland producer, within how many days must the insurer update its producer register with the effective date of termination?
A. 10 days
B. 15 days
C. 30 days
D. 60 days
Source: Md. Code, Ins. § 10-118
Under § 10-119, what action may the Maryland Insurance Commissioner take against a nonresident producer's Maryland license after receiving notice that the producer's home-state license has lapsed?
A. Automatically convert the nonresident license to a resident license
B. Cancel the nonresident producer's Maryland license
C. Take no action, since Maryland licenses are independent of home-state status
D. Refer the matter exclusively to the producer's home-state regulator with no Maryland authority
Source: Md. Code, Ins. § 10-119
