
Maryland Finance Licensing

Licenses are typically required for individuals and businesses that provide finance industry services in the United States. This guide contains information about professional finance licensing in Maryland.
Company Licenses
Maryland Financial Services Company Licenses
Maryland Collection Agency Branch License
Initial Registration
Filing Method: | |
Agency Fee: | $350 |
Registration Renewal
Filing Method: | |
Agency Fee: | $350 |
Due: | Annually by December 31. |
Amendment
Filing Method: | |
Agency Fee: | $0 |
Notes: | Changes to a branch office address, branch manager, or trade name can be made online. |
Maryland Collection Agency License
Initial Registration
Filing Method: | |
Agency Fee: | $350 |
Registration Renewal
Filing Method: | |
Agency Fee: | $350 |
Due: | Annually by December 31. |
Amendment
Filing Method: | |
Agency Fee: | $0 |
Notes: | Changes to the name, address, or other entity information can be made online. |
Maryland Insurance Agency License
Agency: | Maryland Insurance Administration |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
This section applies to insurance firms that are applying for a license in Maryland for the first time.
Agency: | Maryland Insurance Administration |
Form: | |
Agency Fee: | Varies by insurance type. Baseline of $54 |
Maryland Insurance Producer License - Non-Resident
Agency: | Maryland Insurance Administration |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $54 |
Registration Renewal
Filing Method: | |
Agency Fee: | $69 |
Due: | Biennially by the date of issuance. |
Maryland Insurance Producer License - Resident
Agency: | Maryland Insurance Administration |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $54 |
Registration Renewal
Filing Method: | |
Agency Fee: | $69 |
Due: | Biennially by the date of issuance. |
Maryland Motor Vehicle Rental Corporation License - Non-Resident
Agency: | Maryland Insurance Administration |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $54 |
Registration Renewal
Filing Method: | |
Agency Fee: | $69 |
Due: | Biennially by the date of issuance. |
Maryland Motor Vehicle Rental Corporation License - Resident
Agency: | Maryland Insurance Administration |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $54 |
Registration Renewal
Filing Method: | |
Agency Fee: | $100 |
Due: | Biennially by the date of issuance. |
Maryland Motor Vehicle Rental Franchise License - Non-Resident
Agency: | Maryland Insurance Administration |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $54 |
Registration Renewal
Filing Method: | |
Agency Fee: | $69 |
Due: | Biennially by the date of issuance. |
Maryland Motor Vehicle Rental Franchise License - Resident
Agency: | Maryland Insurance Administration |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $54 |
Registration Renewal
Filing Method: | |
Agency Fee: | $69 |
Due: | Biennially by the date of issuance. |
Maryland Portable Electronics License - Non-Resident
Agency: | Maryland Insurance Administration |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $54 |
Registration Renewal
Filing Method: | |
Agency Fee: | $169 |
Due: | Biennially by the date of issuance. |
Maryland Portable Electronics License - Resident
Agency: | Maryland Insurance Administration |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $54 |
Registration Renewal
Filing Method: | |
Agency Fee: | $100 |
Due: | Biennially by the date of issuance. |
Maryland Private Review Organization Certification
Initial Registration
Form: | |
Agency Fee: | $1,500 |
Required Attachments: |
|
Registration Renewal
Agency Fee: | $1,500 |
Due: | Biennially by the date of issuance. |
Maryland Public Adjuster License - Non-Resident
Agency: | Maryland Insurance Administration |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $50 |
Registration Renewal
Filing Method: | |
Agency Fee: | $165 |
Due: | Biennially by the date of issuance. |
Maryland Public Adjuster License - Resident
Agency: | Maryland Insurance Administration |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $50 |
Registration Renewal
Filing Method: | |
Agency Fee: | $100 |
Due: | Biennially by the date of issuance. |
Maryland Surplus Lines Broker License - Resident
Agency: | Maryland Insurance Administration |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $100 |
Registration Renewal
Filing Method: | |
Agency Fee: | $200 |
Due: | Biennially by the date of issuance. |
Maryland Third Party Administrator License - Non-Resident
Agency: | Maryland Insurance Administration |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $250 |
Registration Renewal
Filing Method: | |
Agency Fee: | $65 |
Due: | Biennially by the date of issuance. |
Maryland Third Party Administrator License - Resident
Initial Registration
Filing Method: | |
Agency Fee: | $250 |
Registration Renewal
Filing Method: | |
Agency Fee: | $65 |
Due: | Biennially by the date of issuance. |
Maryland Viatical Settlement Broker License - Non-Resident
Agency: | Maryland Insurance Administration |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $250 |
Registration Renewal
Filing Method: | |
Agency Fee: | $50 |
Due: | Biennially by the date of issuance. |
Maryland Viatical Settlement Broker License - Resident
Agency: | Maryland Insurance Administration |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $250 |
Registration Renewal
Filing Method: | |
Agency Fee: | $50 |
Due: | Biennially by the date of issuance. |
Maryland Viatical Settlement Provider License - Non-Resident
Agency: | Maryland Insurance Administration |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $1,000 |
Registration Renewal
Filing Method: | |
Agency Fee: | $50 |
Due: | Biennially by the date of issuance. |
Maryland Viatical Settlement Provider License - Resident
Agency: | Maryland Insurance Administration |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $1,000 |
Registration Renewal
Filing Method: | |
Agency Fee: | $50 |
Due: | Biennially by the date of issuance. |
Individual Licenses
Maryland Individual Financial Services Licenses
Maryland Adviser License - Resident
Agency: | Maryland Insurance Administration |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | No |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $200 |
Registration Renewal
Filing Method: | |
Agency Fee: | $100 |
Due: | Biennially by the end of the licensee's birth month. |
Maryland Individual Insurance Producer License
Agency: | Maryland Insurance Administration |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $54 |
Registration Renewal
Filing Method: | |
Agency Fee: | $69 |
Due: | Biennially by the end of the licensee's birth month. |
Maryland Insurance Agent License
Agency: | Maryland Insurance Administration |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
This section applies to insurance agents that are applying for a license in Maryland for the first time.
Agency Fee: | From $5 to $250 depending on license type |
Maryland Insurance Producer License - Non-Resident
Agency: | Maryland Insurance Administration |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $54 |
Registration Renewal
Filing Method: | |
Agency Fee: | $69 |
Due: | Biennially by the end of the licensee's birth month. |
Maryland Insurance Producer License - Resident
Agency: | Maryland Insurance Administration |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $54 |
Registration Renewal
Filing Method: | |
Agency Fee: | $54 |
Due: | Biennially by the end of the licensee's birth month. |
Maryland Public Adjuster License - Resident
Agency: | Maryland Insurance Administration |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $50 |
Registration Renewal
Filing Method: | |
Agency Fee: | $100 |
Due: | Biennially by the end of the licensee's birth month. |
Maryland Surplus Lines Broker License - Non-Resident
Agency: | Maryland Insurance Administration |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $200 if date of application is more than 1 year from insurance producer license expiration date and $100 if date of application is less than 1 year from insurance producer license expiration date. |
Registration Renewal
Filing Method: | |
Agency Fee: | $300 |
Due: | Biennially by the end of the licensee's birth month. |
Maryland Surplus Lines Broker License - Resident
Agency: | Maryland Insurance Administration |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $100 |
Registration Renewal
Filing Method: | |
Agency Fee: | $200 |
Due: | Biennially by the end of the licensee's birth month. |
Maryland Viatical Settlement Broker License - Non-Resident
Agency: | Maryland Insurance Administration |
Foreign Qualification is Prerequisite: | Not Set |
Exam Required? | Not Set |
Registered Agent (Special Agency) Required? | Not Set |
Initial Registration
Filing Method: | |
Agency Fee: | $250 |
Registration Renewal
Filing Method: | |
Agency Fee: | $50 |
Due: | Biennially by the end of the licensee's birth month. |
Explore licensing in other states:
Adjuster - A person or firm that is paid to adjust, investigate, and negotiate claim settlements. There are 3 categories of adjusters: company, independent, and public. Company adjusters work for insurance companies and investigate claims on behalf of the company. Independent adjusters investigate claims on a contractual basis for insurance companies. Public adjusters investigate claims on behalf of claimants, usually to determine the amount of money that can be claimed.
Agent in Charge - A licensed individual responsible for the supervision of all individuals within an insurance agency. The agent in charge must be licensed in the same lines as the agency.
Insurance Agent - Insurance agents act as intermediaries between the insurance company and policyholders. Agents can be either captive or independent. Captive agents represent a single insurance company, while independent agents represent multiple insurers.
Insurance Broker - Individuals who sell insurance policies while representing the interests of the buyer. Brokers are typically independent intermediaries without an insurance company affiliation.
Insurance Producer - May be used to refer to either individual insurance agents and brokers or insurance agencies and brokerages.
Managing General Agent - An agent or broker that is involved in underwriting and has other areas of authority normally handled by insurers. MGAs are typically involved in unusual lines of coverage or in geographically prohibitive areas.
Surplus Lines Insurer - An insurance carrier that takes on risks that a licensed carrier is unwilling to insure. Surplus lines insurers do not have access to state guaranty funds and are less tightly regulated by state governing bodies.
Third Party Administrator - An organization that manages group insurance policies and works with the employer and insurance carrier to process claims, handle loss control, and provide risk management and consulting services.
Title Agent - Title agents sell insurance that protects real estate owners against loss of ownership of a property due to a legal claim.
Viatical Settlement Provider - A company that purchases life insurance policies at a discount from individuals seeking immediately available funds.
Independent Insurance Agents and Brokers of America (Big “I”)
Advocacy group of independent insurance brokers and agents.
National Association of Insurance and Financial Advisors (NAIFA)
Professional association that advocates for favorable regulatory conditions for insurance agents and financial advisors.
National Association of Insurance Companies (NAIC)
A standard setting and regulatory support organization that is governed by state insurance regulators.
National Association of Professional Insurance Agents (PIA)
Professional association that provides education and advocacy for insurance agents throughout the United States.
National Insurance Producer Registry (NIPR)
An affiliate of the NAIC that provides streamlined and uniform producer licensing processes.
