<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".02" citation="COMAR 31.03.10.02" title_num="31" subtitle_num="03" chapter_num="10" heading="Representation by Member of Trade Association.">
  <paragraph num="A.">
    <text>In General. A person is not required to be licensed as an adviser under Insurance Article, §10-203, Annotated Code of Maryland, in order to represent to the public that the person is a member of a trade association or similar organization that uses the term “insurance adviser” or a similar term in the name of the association or organization if the person:</text>
    <paragraph num="(1)">
      <text>Is a member in good standing of the trade association or similar organization at the time that the person makes the representation;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Does not otherwise act as an adviser or represent that the person is an adviser; and</text>
    </paragraph>
    <paragraph num="(3)">
      <text>Makes the representation in accordance with the requirements of §B of this regulation.</text>
    </paragraph>
  </paragraph>
  <paragraph num="B.">
    <text>Manner of Representation. A person who otherwise qualifies to make a representation under §A of this regulation may make the representation only if the person:</text>
    <paragraph num="(1)">
      <text>Expressly qualifies the representation by use of a disclaimer such as “not a licensed insurance adviser” or, if the person is a licensed insurance producer, “licensed insurance producer only”; or</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Makes the representation:</text>
      <paragraph num="(a)">
        <text>During a meeting of the trade association or similar organization held for the purpose of conducting the association's or organization's general business activities;</text>
      </paragraph>
      <paragraph num="(b)">
        <text>In a newspaper, newsletter, e-mail, or similar publication or electronic communication that is intended to be distributed only to members of the trade association or similar organization;</text>
      </paragraph>
      <paragraph num="(c)">
        <text>While soliciting a person to become a member of the trade association or similar organization; or</text>
      </paragraph>
      <paragraph num="(d)">
        <text>During an approved continuing education class for licensed insurance producers.</text>
      </paragraph>
    </paragraph>
  </paragraph>
  <paragraph num="C.">
    <text>Manner of Disclaimer. A person who is required to make a disclaimer under §B(1) of this regulation shall make the disclaimer:</text>
    <paragraph num="(1)">
      <text>At the same time and in the same medium as the representation; and</text>
    </paragraph>
    <paragraph num="(2)">
      <text>If the representation is made in writing, on the same document or screen close to the representation.</text>
    </paragraph>
  </paragraph>
</regulation>