Chapter 05. Insurance Producer Authorization — Renewal, Reinstatement, and Suspension or Revocation of Authorization
Regulation .01 Term.LinkCopy Citation
An insurance producer authorization expires 2 years after the date it is issued unless it is renewed.
Regulation .02 Renewal.LinkCopy Citation
A.
Notice.
(1)
At least 60 days before the expiration of an insurance producer authorization, the Exchange shall notify the authorized insurance producer of the expiration of the authorization.
(2)
The notification shall include:
(a)
A renewal application;
(b)
The date by which the Exchange must receive the renewal application for the renewal to be issued before the authorization expires; and
(c)
The amount of the renewal fee, if any.
B.
Eligibility for Renewal. An insurance producer authorization may be renewed for an additional 2-year term if the holder:
(1)
Is otherwise entitled to receive insurance producer authorization, in accordance with the eligibility requirements set forth in COMAR 14.35.04.02;
(2)
Files a renewal application on the form provided by the Exchange before the expiration of the authorization;
(3)
Pays to the Exchange a renewal fee if permitted by law and in the manner specified by the Exchange;
(4)
Completes the annual training requirements set forth in COMAR 14.35.04.04; and
(5)
Is not denied by the Exchange for reasons set forth under §E of this regulation.
C.
Exchange Annual Training.
(1)
The Exchange shall:
(a)
Schedule the Exchange Annual Training; and
(b)
Notify authorized insurance producers of the annual training.
(2)
Authorized insurance producers shall complete the annual training, including any examination, within 60 days before the open enrollment period.
D.
Timely Receipt of Application:
(1)
Before the date of expiration of the authorization, a holder of an insurance producer authorization shall complete and return to the Exchange a renewal application and a renewal fee according to the renewal instructions.
(2)
A holder of an expired insurance producer authorization may not sell qualified plans in the SHOP Exchange or Individual Exchange.
E.
Denial.
(1)
The Exchange may deny a renewal application if the insurance producer has:
(a)
Committed any act described in Insurance Article, §31-113(l)(1), Annotated Code of Maryland; or
(b)
Had any professional license or certification suspended or revoked for a fraudulent or dishonest practice.
(2)
Denial of a renewal application is subject to the contested case hearing provisions of State Government Article, Title 10, Subtitle 2, Annotated Code of Maryland.
Regulation .03 Reinstatement.LinkCopy Citation
A.
For up to 1 year after the expiration date, an individual whose insurance producer authorization has expired may apply to reinstate the expired authorization by:
(1)
Filing a reinstatement application, either by mail or electronically, on the form approved by the Exchange;
(2)
Paying to the Exchange the renewal fee if permitted by law and in the manner specified by the Exchange;
(3)
Paying to the Exchange a reinstatement fee if permitted by law and in the manner specified by the Exchange; and
(4)
Submitting evidence to the Exchange that the individual has successfully completed the Exchange annual training and the continuing education requirements under Regulation .02C of this chapter.
B.
An individual who does not file for reinstatement within 1 year after the expiration date of the insurance producer authorization shall apply for an authorization under the application procedures set forth in COMAR 14.35.04.03.
Regulation .04 Suspension or Revocation.LinkCopy Citation
A.
The Exchange may suspend or revoke an insurance producer authorization for a licensed producer authorized to sell qualified plans in the SHOP Exchange as set forth under Insurance Article, §31-112(f)(3)(i), Annotated Code of Maryland.
B.
The Exchange may suspend or revoke an insurance producer authorization for a licensed producer authorized to sell qualified plans in the Individual Exchange as set forth under Insurance Article, §31-113(m)(3)(i), Annotated Code of Maryland.
Chapter annotations
Authority: Insurance Article, §§31-106, 31-112(f), (g), and (h), and 31-113(m), (n), and (o), Annotated Code of Maryland
History: Effective date: April 15, 2013 (40:7 Md. R. 612)
History: Regulation .02 amended effective June 15, 2020 (47:12 Md. R. 597)
History: Regulation .02B amended effective August 18, 2025 (52:16 Md. R. 848)
History: Regulation .02E adopted effective August 18, 2025 (52:16 Md. R. 848)