Sec. 1. 24-A MRSA §1441-B, sub-§1, ¶¶J and K, as enacted by PL 1997, c. 592, §41, are amended to read:

J. An insurer, health maintenance organization, fraternal benefit society, nonprofit hospital or medical service organization, viatical settlement provider or risk retention group and the agency or producer have mutually agreed upon other terms; or

K. All insurers' licenses or appointments terminate or expire.; or

Sec. 2. 24-A MRSA §1441-B, sub-§1, ¶L is enacted to read:

L.__An insurer, health maintenance organization, fraternal benefit society, nonprofit hospital or medical service organization, viatical settlement provider or risk retention group receives a broker of record letter from the insured requesting a change in agencies or agents, a release of assignments or a redirection of commissions.

Sec. 3. 24-A MRSA §1441-B, sub-§3, as enacted by PL 1997, c. 592, §41, is amended to read:

3. Rights of insureds. The termination of an appointment under this section does not affect the rights of insureds. An insured may change agencies or agents, may release assignments or may redirect commissions by sending a broker of record letter requesting so to the insurer, health maintenance organization, fraternal benefit society, nonprofit hospital or medical service organization, viatical settlement provider or risk retention group on any group or individual policy for any line purchased by the insured.

Sec. 4. 24-A MRSA §1447, sub-§3 is enacted to read:

3.__Release to 3rd parties.__If an agent leaves an insurance agency, the agent may retain a duplicate copy of the records for which the agent was responsible while employed by that agency.__ If an agency's or insurance producer's appointment is terminated due to a broker of record letter being sent to the insurer, health maintenance organization, fraternal benefit society, nonprofit hospital or medical service organization, viatical settlement provider or risk retention group as described in section 1441-B, subsection 3, the agency or insurance producer shall make available to the new agency, insurance producer or agent copies of all records pertaining to that appointment and policy.