Comprehensive and Detailed Step by Step Explanation:
Insurance producers using an assumed or fictitious name for their business must file the name with the Maryland Insurance Administration (MIA).
File the name with the Insurance Administration (A):This ensures transparency and compliance with regulatory standards.
Apply for an additional license (B):Not required; the existing license covers the producer.
Apply for an additional appointment (C):Applies when a producer represents multiple insurers, not for fictitious names.
Post a $10,000 bond (D):Irrelevant to this context.
[References: Maryland Insurance Administration Guidelines on Producer Licensing and Business Names., ]
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