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§ 27-702. Purpose and construction of subtitle

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 27. Unfair Trade Practices and Other Prohibited Practices (Refs & Annos)
Subtitle 7. Unauthorized Insurers False Advertising Process Act (Refs & Annos)
MD Code, Insurance, § 27-702
§ 27-702. Purpose and construction of subtitle
Currentness
In general
(a)(1) The General Assembly declares that it is in the interest of citizens of the State who buy insurance from unauthorized insurers that solicit business in the State by placing in or sending into the State false advertising designed to induce residents of the State to buy insurance from them, that those unauthorized insurers be subject to this subtitle.
(2) The purpose of this subtitle is to subject to the jurisdiction of the Commissioner and the courts of the State those unauthorized insurers described in paragraph (1) of this subsection.
(3) In furtherance of this State interest, the General Assembly provides a method of substituted service of process on those unauthorized insurers described in paragraph (1) of this subsection.
(4) The General Assembly declares that by enacting this subtitle, the General Assembly is exercising:
(i) its power to protect the residents of the State; and
(ii) its powers and privileges under the McCarran-Ferguson Act, 15 U.S.C. §§ 1011 through 1015.
Authority provided by subtitle in addition to other powers of State
(b) The authority provided in this subtitle is in addition to any other powers of the State.
Liberal construction of subtitle
(c) This subtitle shall be construed liberally.

Credits

Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997.
Formerly Art. 48A, § 236.
MD Code, Insurance, § 27-702, MD INSURANCE § 27-702
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document