Title Insurance Producer License Application Requirements Pursuant to Section 10-121(d) of the Insurance Article, Annotated Code of Maryland

1 BULLETIN 13-17 Date: June 6, 2013 To: All Limited Liability Company, Partnership or Corporation Title Insurance Producers in Maryland; All Limited Liability Company, Partnership or Corporation Applicants for a License as a Title Insurance Producer in Maryland RE: Title Insurance Producer License Application Requirements Pursuant to §10- 121(d) of the Insurance Article, Annotated Code of Maryland ____________________________________________________________________________ The purpose of this Bulletin is to notify all Limited Liability Company, Partnership or Corporation applicants for a license as a Title Insurance Producer in Maryland of certain changes to the licensing application and approval process. The changes also apply to the renewal or reinstatement of Limited Liability Company, Partnership or Corporation Title Insurance Producer licenses. For the purpose of this Bulletin, the term Title Insurance Producer has the meaning set forth in §10-101(i) of the Insurance Article. Currently and in accordance with §10-121(d) of the Insurance Article, the Insurance Commissioner shall investigate the character of: (1) each partner of a partnership applicant; (2) each controlling owner and each officer and director of the corporate applicant; and (3) each individual who has direct control over its fiscal management and each member, manager, officer, and director of the limited liability company applicant. To complete its licensing investigation of Limited Liability Company, Partnership or Corporation applicants more effectively, the Maryland Insurance Administration (“MIA”) has developed an application packet specifically for this purpose. Incorporated into the Title Insurance Producer Firm Application Packet is a Biographical Affidavit for completion by each person designated for investigation by §10-121(d) of the Insurance Article. Effective May 1, 2013, all Limited Liability Company, Partnership or Corporation applicants for an initial license as a Title Insurance Producer in Maryland will be required to complete the Title Insurance Producer Firm Application Packet described above. Effective July 1, 2013, all Limited Liability Company, Partnership or Corporation applicants for renewal or reinstatement of a Title Insurance Producer license in Maryland will be required to complete the Title THERESE M. GOLDSMITH Commissioner KAREN STAKEM HORNIG Deputy Commissioner THOMAS L. MARSHALL Associate Commissioner Compliance & Enforcement MARTIN O’MALLEY Governor ANTHONY G. BROWN Lt. Governor 200 St. Paul Place, Suite 2700, Baltimore, Maryland 21202 Direct Dial: 410-468-2217 Fax: 410-468-2245 Email: thomas marshall@maryland.gov 1-800-492-6116 TTY: 1-800-735-2258 www mdinsurance.state.md.us 2 Insurance Producer Firm Application Packet described above. A copy of the Biographical Affidavit, application forms and form completion instructions may be found on the MIA’s website at www.mdinsurance.state.md.us/sa/producer/title-insurance-producers.html. Should you have any questions concerning this Bulletin, please contact Ms. Corey Walker by email at corey.walker@maryland.gov or by telephone at (410) 468-2382. Therese M. Goldsmith Insurance Commissioner By: _ Thomas L. Marshall Associate Commissioner Compliance and Enforcement Signature on original