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<regulation prefix="Regulation" num=".02" citation="COMAR 31.03.02.02" title_num="31" subtitle_num="03" chapter_num="02" heading="Definitions.">
  <paragraph num="A.">
    <text>In this chapter, the following terms have the meanings indicated.</text>
  </paragraph>
  <paragraph num="B.">
    <text>Terms Defined.</text>
    <paragraph num="(1)">
      <text>“Advisory board” means a group of individuals appointed by the Insurance Commissioner pursuant to Insurance Article, §10-110, Annotated Code of Maryland, to review continuing education courses for insurance producers and to make recommendations regarding the courses.</text>
    </paragraph>
    <paragraph num="(2)">
      <text>“Bail bondsman services” means any conduct relating to the sale, solicitation, negotiation, or procurement of a bail bond, and includes the posting of a bail bond.</text>
    </paragraph>
    <paragraph num="(3)">
      <text>“Commissioner" means the Insurance Commissioner of Maryland.</text>
    </paragraph>
    <paragraph num="(4)">
      <text>“Course” means a presentation of information delivered in person, in print, electronically, or via teleconference, the successful completion of which is measured by verifiable attendance or by examination, or both.</text>
    </paragraph>
    <paragraph num="(5)">
      <text>“Course completion date” means the date when a student has submitted all necessary information to the education provider and, when applicable, successfully met the course attendance requirements or passed the final examination, or both.</text>
    </paragraph>
    <paragraph num="(6)">
      <text>“Course completion roster” means a listing of candidates who have completed a continuing education course, provided in a format determined by the Commissioner, which includes the following:</text>
      <paragraph num="(a)">
        <text>The course name, the designated course number, and the course completion date;</text>
      </paragraph>
      <paragraph num="(b)">
        <text>The provider’s identification number;</text>
      </paragraph>
      <paragraph num="(c)">
        <text>The instructor’s license number, if applicable; and</text>
      </paragraph>
      <paragraph num="(d)">
        <text>For each student who completes the course:</text>
        <paragraph num="(i)">
          <text>The student’s name;</text>
        </paragraph>
        <paragraph num="(ii)">
          <text>The student’s national producer number or the student’s license number, or both; and</text>
        </paragraph>
        <paragraph num="(iii)">
          <text>The number of hours of continuing education earned by the student.</text>
        </paragraph>
      </paragraph>
    </paragraph>
    <paragraph num="(7)">
      <text>“Course coordinator” means an individual who is responsible for organizing a continuing education course, getting it approved by the Insurance Commissioner, and supervising the administration of the course after its approval.</text>
    </paragraph>
    <paragraph num="(8)">
      <text>“Expiration date” means the date the license expires as stated on the license.</text>
    </paragraph>
    <paragraph num="(9)">
      <text>“Hour of continuing education” means 50 minutes of work in a course that has been approved by the Commissioner to receive continuing education credit.</text>
    </paragraph>
    <paragraph num="(10)">
      <text>“Instructor” means a subject matter expert, approved by the Commissioner, presenting course activities or information in a course approved by the Commissioner.</text>
    </paragraph>
    <paragraph num="(11)">
      <text>“License” has the meaning stated in Insurance Article, §10-101(d), Annotated Code of Maryland.</text>
    </paragraph>
    <paragraph num="(12)">
      <text>“Licensed insurance producer” has the meaning stated in Insurance Article, §1-101(w), Annotated Code of Maryland.</text>
    </paragraph>
    <paragraph num="(13)">
      <text>“National examination” means an examination given as part of a nationally recognized designation awarded by a national insurance organization, including the:</text>
      <paragraph num="(a)">
        <text>Life Underwriter Training Council (LUTC) course curricula;</text>
      </paragraph>
      <paragraph num="(b)">
        <text>American College diploma curriculum for Chartered Life Underwriter (CLU), Chartered Financial Consultant (ChFC), Certified Employee Benefits Specialist (CEBS) or Registered Health Underwriter (RHU);</text>
      </paragraph>
      <paragraph num="(c)">
        <text>College of Financial Planning diploma curriculum for Chartered Financial Planning (CFP) program;</text>
      </paragraph>
      <paragraph num="(d)">
        <text>Insurance Institute of America curriculum for:</text>
        <paragraph num="(i)">
          <text>Program in General Insurance (INS);</text>
        </paragraph>
        <paragraph num="(ii)">
          <text>Associate in Claims Program (AIC);</text>
        </paragraph>
        <paragraph num="(iii)">
          <text>Associate in Risk Management Program (ARM);</text>
        </paragraph>
        <paragraph num="(iv)">
          <text>Associate in Underwriting Program (AIU);</text>
        </paragraph>
        <paragraph num="(v)">
          <text>Associate in Loss Control Management Program (ALCM);</text>
        </paragraph>
        <paragraph num="(vi)">
          <text>Accredited Advisor in Insurance Program (AAI);</text>
        </paragraph>
        <paragraph num="(vii)">
          <text>Associate Premium Auditing Program (APA); and</text>
        </paragraph>
        <paragraph num="(viii)">
          <text>Associate in Research and Planning Program (ARP);</text>
        </paragraph>
      </paragraph>
      <paragraph num="(e)">
        <text>American Institute for Property and Liability Underwriters Chartered Property and Casualty Underwriter (CPCU) program;</text>
      </paragraph>
      <paragraph num="(f)">
        <text>Health Insurance Association of America Program (HIAA);</text>
      </paragraph>
      <paragraph num="(g)">
        <text>Academy of Life Underwriting Education Council curriculum for LUEC program; or</text>
      </paragraph>
      <paragraph num="(h)">
        <text>Certified Insurance Counselor program (CIC).</text>
      </paragraph>
    </paragraph>
    <paragraph num="(14)">
      <text>“Preneed insurance contract” has the meaning stated in COMAR 31.05.03.03B.</text>
    </paragraph>
    <paragraph num="(15)">
      <text>“Provider” means an entity that has been approved by the Commissioner to offer continuing education courses to licensed insurance producers in the State.</text>
    </paragraph>
    <paragraph num="(16)">
      <text>“Renewal period” means the period from the issuance or renewal of a license until the day before the expiration date of the license.</text>
    </paragraph>
    <paragraph num="(17)">
      <text>“Renewal year” means the 12-month period from January 1 until December 31 in which a license renewal occurs.</text>
    </paragraph>
    <paragraph num="(18)">
      <text>“Self-study course” means a course that is not presented in a classroom, is not delivered in person, and does not require interaction with an instructor.</text>
    </paragraph>
    <paragraph num="(19)">
      <text>“Successfully complete” means to complete and meet all requirements of an approved course for which a valid certificate of course completion has been issued.</text>
    </paragraph>
    <paragraph num="(20)">
      <text>“Teleconference” means the live exchange of information among several persons who are separately located but linked by audio or video, or both, that provides for opportunities for interactions between student and instructor.</text>
    </paragraph>
    <paragraph num="(21)">
      <text>“Viatical settlement broker” has the meaning stated in Insurance Article, §8-601(k), Annotated Code of Maryland.</text>
    </paragraph>
  </paragraph>
</regulation>