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§ 8-505. Appointment of Commissioner as attorney for service of process

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 8. Entities that Act as Insurers
Subtitle 5. Reinsurance Intermediaries (Refs & Annos)
MD Code, Insurance, § 8-505
§ 8-505. Appointment of Commissioner as attorney for service of process
In general
(a)(1) On the form that the Commissioner provides, each nonresident applicant for a license must appoint the Commissioner as attorney for service of process issued against the applicant in the State.
(2) The appointment:
(i) is irrevocable;
(ii) binds the applicant and any successor in interest; and
(iii) remains in effect as long as there is in force in the State a contract made by the applicant or an obligation arising from a contract made by the applicant.
Nonresident applicants
(b)(1) Each nonresident applicant for a license shall provide the Commissioner with the name and address of a resident of the State on whom notice and orders of the Commissioner and process issued against the applicant may be served.
(2)(i) A nonresident licensee promptly shall notify the Commissioner of a change in its designated agent for service.
(ii) A change is not effective until acknowledged by the Commissioner.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 717.
MD Code, Insurance, § 8-505, MD INSURANCE § 8-505
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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