Maryland issues limited lines licenses to individuals and business entities to sell or offer to sell personal property insurance solely in connection with and incidental to the rental of storage space at a self-service storage facility. Licensed business entities can be corporations, professional associations, partnerships, limited liability companies, or limited liability partnerships.
Business entity applicants must designate an individual who is actively licensed as a self-service storage producer or producer with the property and casualty lines of authority to be responsible for the acts of the employees or authorized representatives of the self-service storage facility.
Effective July 1, 2014, in addition to submission of the Self-Service Storage Producer Limited Lines License Application, Senate Bill 490 (Chapter 174) Acts of 2014 prohibits the sale of insurance by a self-service storage producer unless:
An employee or authorized representative of a self-service storage facility may act on behalf of and under the supervision of the self-service storage producer only if the employee or authorized representative has received specific training in a program approved by the Commissioner.
The conduct of an employee or authorized representative of a self-service storage producer acting within the scope of employment or agency is considered to be the conduct of the self-service storage producer. In other words, the self-service storage producer is responsible for the conduct of an employee or authorized representative.
The designated responsible producer:
Each self-service storage producer shall provide a training program approved by the Commissioner for employees and authorized representatives of the self-service storage producer.
A self-service storage producer or any of its employees or authorized representative may not:
Note - The holder of a license with the property and casualty lines of authority is authorized to sell coverage for contents located in self-service storage facilities without obtaining the limited lines license described herein.
For more information on the licensing requirements for a self-service storage producer limited lineslicense and provisions related to the selling of this insurance, see:http://mgaleg.maryland.gov/2014RS/bills/sb/sb0490T.pdf.
INITIAL LICENSE APPLICATION:
To apply for a license as a Producer, in addition to passing the Producer exam, an individual must:
To apply for a license as an insurance producer, a business entity must:
RENEWAL APPLICATION:Individual producer licenses are issued on a biennial basis to expire on the last day of the producer’s birth month. Business entity licenses are issued to expire 2 years from the date of issuance.
For up to one (1) year after the expiration date, licensees may reinstate an expired license by submitting the required application, $54 renewal fee, $15 fraud prevention fee, proof of completion of the continuing education requirements in § 10-408, and $100 reinstatement fee.
After one (1) year from the expiration date, licensees may re-apply for an initial license by completing all the Maryland initial license requirements.
Maryland Insurance Administration Limited Lines Licenses and Registrations Supplement
Maryland Insurance Administration Limited Lines Register Form
Note: Regardless of who completes the application, the license applicant is ultimately responsible for the contents of the application and must provide accurate and complete information (if the application was completed by someone other than the applicant, the person who completes an application may also be held responsible for the contents of the application). An application that fails to disclose or fails to provide accurate information may result in the DELAY and/or DENIAL of the application. If your license has already been issued and it is later discovered that the information contained in your application is not true, correct, or complete, your license may be REVOKED and you may be subject to monetary PENALTIES (if the application was completed by someone other than the applicant, the person who completed the application may also be subject to administrative action). If in doubt, disclose.
Supplement forms and/or inquiries may be submitted by email to firstname.lastname@example.org
In most cases, complete applications are processed in 7-10 business days. Incomplete applications may incur delays, be rejected/denied or not be processed.
Do a NAME SEARCH to verify if your application has been approved. When you have your license number, go to PRINT LICENSE to get a copy of your license. Fill in all search criteria to enable a successful search. Maryland does not send copies of licenses.
Note: All license or certificate fees are non-refundable whether the application has been approved, denied, cancelled, withdrawn, or when an applicant submits multiple applications for the same license or certificate.
Maryland Insurance AdministrationProducer Licensing Customer Service: 1-888-204-6198Producer Licensing Fax: (410) 468-2399Producer Licensing Email: email@example.com
200 St. Paul Place, Suite 2700, Baltimore, MD 21202
410-468-2000 | 1-800-492-6116 (toll free) | 1-800-735-2258 (TTY)