§ 3-118. Agreements to pay expenses of management
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 3-118
§ 3-118. Agreements to pay expenses of management
A domestic stock insurer or domestic mutual insurer may not enter into an agreement in which a person agrees to pay all or part of the expenses of management of the domestic stock insurer or domestic mutual insurer in consideration of an agreement to pay to the person commissions on premiums due the domestic stock insurer or domestic mutual insurer or any other compensation for the person's services.
Credits
Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 268A.
MD Code, Insurance, § 3-118, MD INSURANCE § 3-118
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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