§ 3-105. Solicitation of applications or premiums by prospective mutual insurer
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 3-105
§ 3-105. Solicitation of applications or premiums by prospective mutual insurer
(a) A person proposing to form a mutual insurer may not solicit in the State applications or premiums for policies of the proposed mutual insurer until the person provides the Commissioner with specific information about the methods and proposed cost of the promotion.
(b)(1) Before a person proposing to form a mutual insurer solicits applications or premiums for policies, the person shall have funds acquired in accordance with § 3-116 of this subtitle in the amount of:
(c)(1) A person must obtain a license from the Commissioner before the person forms a mutual insurer in the State.
Credits
Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.
MD Code, Insurance, § 3-105, MD INSURANCE § 3-105
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.
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