{"data":{"id":"us-md/md.-code-insurance-8-449","jurisdiction":"us-md","citation":"Md. Code, Insurance § 8–449","heading":"","body":"(a) Except as otherwise provided in this section, a person must obtain a license issued under Title 10, Subtitle 1 of this article before the person acts as an insurance producer for a fraternal benefit society.\n(b) Subsection (a) of this section does not apply to a regular salaried officer or employee of a licensed society who:\n(1) devotes substantially all of the officer’s or employee’s services to activities other than soliciting insurance contracts; and\n(2) does not receive, for soliciting insurance contracts, a commission or other compensation that is directly dependent on the amount of business obtained.\n(c) (1) Subsection (a) of this section does not apply to a fraternal benefit insurance producer or representative of a society that devotes, or intends to devote, less than 50% of the person’s time to selling, soliciting and negotiating insurance contracts for the society.\n(2) For the purposes of paragraph (1) of this subsection, a person is presumed to be devoting, or intending to devote, 50% or more of the person’s time to selling, soliciting or negotiating insurance contracts for a society if, in the preceding calendar year, the person has sold, solicited and negotiated:\n(i) life insurance contracts that, in the aggregate, exceed $200,000 of coverage for all lives insured for the preceding calendar year;\n(ii) a permanent life insurance contract offering more than $10,000 of coverage on an individual life;\n(iii) a term life insurance contract offering more than $50,000 of coverage on an individual life;\n(iv) any insurance contracts other than life that the society may write that insure the lives of more than 25 individuals; or\n(v) any variable life insurance or variable annuity contract.","path":["Article - Insurance"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin\u0026section=8-449","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:28Z","sha256":"e9a429c641276accfc73cd5207b19e2cea003f48cce1004d1db941b6215a9158","source_id":"us-md","stale":false,"prev":"us-md/md.-code-insurance-8-446","next":"us-md/md.-code-insurance-8-461"},"notice":"GroundRules: Original legal text. Not legal advice."}