Personal responsibility of licensees.
Maryland places the responsibility for accurate licensing records directly on the licensee.
Why this duty cannot be delegated.
License status affects:
Legal authority to transact insurance
Receipt of regulatory notices
Compliance with continuing education requirements
Evaluate each option.
A. The licensee
Correct. The licensee must notify the MIA within the required timeframe.
B. Appointing insurer
Insurers may update appointments, but not personal data.
C. Managing general agent
Has no authority over individual licensing records.
D. MIA staff
The MIA maintains records but does not initiate changes.
Regulatory consequence.
Failure to report changes may result in administrative discipline or missed compliance deadlines.
Conclusion.
The licensee is responsible for reporting changes.
