§ 4813a. Definitions
As used in this subchapter:
(1) “Business entity” shall have the same meaning as in subdivision 4791(8) of this title.
(2) “Home state” means the District of Columbia and any state or territory of the United
States in which an insurance producer maintains his or her principal place of residence
or principal place of business and is licensed to act as an insurance producer.
(3) “Insurance producer” shall have the same meaning as in subdivision 4791(6) of this title.
(4) “Insurer” means any person engaged in the business of insurance in this State. It
shall include any individual, corporation, association, partnership, reciprocal exchange,
interinsurer, Lloyds insurer, fraternal benefit society, and any other legal entity
engaged in the business of insurance. The term includes entities formed or regulated
under chapters 101, 103, 105, 107, 109, 111, 113, 121, 123, 125, 132, 137, 138, and
139 of this title. As used in this subchapter, “insurer” does not include entities
formed under chapter 141 or 142 of this title.
(5) “License” means a document issued by the Commissioner authorizing a person to act
as an insurance producer for the lines of authority specified in the document. The
license itself does not create any authority, actual, apparent, or inherent, in the
holder to represent or commit an insurer.
(6) “Limited lines insurance” means travel accident or travel baggage insurance, or any
other line of insurance that the Commissioner deems necessary to recognize for the
purposes of complying with subsection 4813h(d) of this subchapter, or any other line
of insurance the Commissioner, by regulation, shall deem essential for the transaction
of business in this State and that does not require the professional competency demanded
for an insurance producer’s license.
(7) “Limited lines producer” shall have the same meaning as in subdivision 4791(7) of this title.
(8) “Negotiate” means the act of conferring directly with or offering advice directly
to a purchaser or prospective purchaser of a particular contract of insurance concerning
any of the substantive benefits, terms, or conditions of the contract, provided the
person engaged in that act either sells insurance or obtains insurance from insurers
for purchasers.
(9) “Person” means an individual or a business entity.
(10) “Portable electronics insurance” shall have the same meaning as in subdivision 4257(2) of this title.
(11) “Portable electronics vendor” shall have the same meaning as in subdivision 4257(3) of this title.
(12) “Sell” means to exchange a contract of insurance by any means, for money or its equivalent,
on behalf of an insurer.
(13) “Solicit” means attempting to sell insurance or asking or urging a person to apply
for a particular kind of insurance from a particular insurer.
(14) “Terminate” means the cancellation of the relationship between an insurance producer
and the insurer or the termination of a producer’s authority to transact insurance.
(15) “Uniform Application” means the current version of the NAIC Uniform Application for
resident and nonresident producer licensing.
(16) “Uniform Business Entity Application” means the current version of the NAIC Uniform
Business Entity Application for resident and nonresident business entities. (Added 2001, No. 97 (Adj. Sess.), § 18; amended 2005, No. 36, § 8, eff. June 1, 2005; 2011, No. 136 (Adj. Sess.), § 10, eff. May 18, 2012; 2015, No. 149 (Adj. Sess.), § 32.)