(a) A title insurance producer may not use or accept the services of a title insurance producer independent contractor unless the title insurance producer independent contractor:
(1) holds an appointment with the title insurer with which the contract of title insurance may be placed; and
(2) is covered under the title insurance producer’s:
(i) blanket fidelity bond; and
(ii) blanket surety bond or letter of credit.
(b) (1) A title insurance producer that uses the services of a title insurance producer independent contractor is:
(i) the legal principal of the title insurance producer independent contractor; and
(ii) liable for all actions of the title insurance producer independent contractor, including unintentional conduct, that occurs within the scope of the title insurance producer’s independent contractor’s employment.
(2) When a mortgage or deed of trust is executed in a transaction in which a title insurance producer independent contractor is acting for or on behalf of a title insurance producer, there shall be included on or with the recorded mortgage or deed of trust the name, address, and license number of the title insurance producer independent contractor and the title insurance producer for which the title insurance producer independent contractor is acting.
Structure Maryland Statutes
Title 10 - Regulation of Insurance Professions
Subtitle 1 - Insurance Producers
Section 10-102 - Scope of Subtitle
Section 10-103 - License Required
Section 10-105 - Qualifications of Individual Applicants -- Life and Health Insurance and Annuities
Section 10-106 - Qualifications of Business Entity
Section 10-107 - Examinations -- in General
Section 10-108 - Examinations -- Insurance Other Than Life and Health Insurance and Annuities
Section 10-109 - Examinations -- Life and Health Insurance and Annuities
Section 10-110 - Advisory Boards
Section 10-111 - Applications for License
Section 10-112 - Issuance of License
Section 10-113 - Scope of Licenses
Section 10-114 - Conducting Business as Limited Liability Company, Partnership, or Corporation
Section 10-115 - Term and Renewal of License
Section 10-116 - Continuing Education
Section 10-116.1 - Reinstatement of License
Section 10-117 - Changes to License
Section 10-118 - Appointments and Terminations
Section 10-119 - Nonresident Insurance Producers
Section 10-120 - Temporary Licenses
Section 10-121 - Title Insurance Producers
Section 10-121.1 - Title Insurance Producer Independent Contractors
Section 10-122 - Limited Lines Licenses -- Sellers of Travel Insurance
Section 10-123 - Limited Lines Licenses -- Motor Vehicle Insurance
Section 10-124 - Limited Lines Licenses -- Employees of Health Maintenance Organizations
Section 10-126 - Denials, Suspensions, Revocations, and Refusals to Renew or Reinstate; Penalties
Section 10-127 - Cancellation of Policy if Premiums Paid to Insurance Producer
Section 10-128 - Signature or Countersignature of Policies
Section 10-128.1 - Regulations Regarding Maintenance of Records
Section 10-129 - Misrepresentation as Independent Insurance Producer
Section 10-130 - Commission Only to Licensed Insurance Producer
Section 10-131 - General Penalty
Section 10-132 - Violations by Title Insurance Producers
Section 10-133 - Certain Exclusive Appointment Agreements Prohibited