§ 13-116. Restrictions relating to fronting agreements with unauthorized insurers
West's Annotated Code of MarylandInsuranceEffective: October 1, 2021
Effective: October 1, 2021
MD Code, Insurance, § 13-116
§ 13-116. Restrictions relating to fronting agreements with unauthorized insurers
(a) An authorized insurer that issues coverage under this title may not engage in fronting agreements with unauthorized insurers with respect to any insurance written or issued in the State under which the authorized insurer by reinsurance or otherwise transfers to one or more unauthorized insurers:
(b)(1) This section does not apply to an unauthorized insurer if the unauthorized insurer:
Credits
Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997. Amended by Acts 2001, c. 731, § 1, eff. July 2, 2001; Acts 2021, c. 105, § 1, eff. Oct. 1, 2021.
Formerly Art. 48A, § 436P.
MD Code, Insurance, § 13-116, MD INSURANCE § 13-116
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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