A person applying for a license who employs one or more individuals in a racing-related activity shall have Workers' Compensation insurance as required by Maryland law unless the applicant's sole employee is a spouse. An applicant for a license under §A of this regulation shall list the following on the license application: Name of the insurance company; Name of the agent; Policy number; and Policy expiration date. A licensee shall notify the Commission in writing, not less than 5 days before the effective date, of: A change to the information furnished under §B of this regulation; The cancellation of the policy; or The nonrenewal of the policy. A licensee, not employing one or more individuals in a racing-related activity when the licensee applied for a license, but who subsequently becomes the employer of one or more of these individuals, shall immediately: Obtain the required insurance coverage; and Furnish the Commission licensing office with the information required under §B of this regulation.