§ 3-124. Bulk reinsurance agreements by domestic stock insurers
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 3-124
§ 3-124. Bulk reinsurance agreements by domestic stock insurers
(a) A domestic stock insurer may reinsure with another insurer all or substantially all of its insurance in force or a major class of its insurance in force by an agreement of bulk reinsurance.
(b)(1) An agreement of bulk reinsurance is not effective unless it is filed with and approved by the Commissioner.
Credits
Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 273.
MD Code, Insurance, § 3-124, MD INSURANCE § 3-124
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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