Limited Line Credit Insurance - Qualification of Applicants

HB 30 modifies Maryland's licensing requirements for insurance producers seeking limited line credit insurance licenses (excluding credit life/health insurance). It replaces the standard examination requirement with a mandatory training program provided by insurers selling credit insurance. Insurers must design comprehensive training materials, retain records for 5 years (including instructional content and participant lists), and make these available to the Maryland Insurance Administration upon request. This directly affects individuals applying for credit insurance producer licenses and insurers offering such training. The bill streamlines entry into this specific licensing category while maintaining oversight through insurer recordkeeping.