Insurance - Producer Licensing Requirements - Education and Experience

HB 265 repeals the education and experience requirements for licensing insurance producers in Maryland. This change directly affects individuals seeking to sell property and casualty insurance, life insurance, health insurance, annuities, and certain limited lines of coverage. Under the new rules, applicants will no longer need to complete specific study programs or prove a year of prior work experience in the insurance industry to obtain a license. The bill maintains existing standards regarding an applicant's character, age, and criminal history while removing the mandatory testing and employment history components.