Home Table of Contents

§ 3-128. Solicitation of insurance business in other states

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 3. Kinds of Insurers
Subtitle 1. Stock Insurers and Mutual Insurers (Refs & Annos)
MD Code, Insurance, § 3-128
§ 3-128. Solicitation of insurance business in other states
Reciprocating state defined
(a) In this section, “reciprocating state” means a state under the laws of which a prohibition on solicitation similar to that imposed against domestic insurers under this section is imposed on and enforced against insurers domiciled in that state.
Restrictions relating to solicitation of insurance business in reciprocating states
(b) A domestic insurer may not knowingly solicit insurance business in a reciprocating state in which the domestic insurer is not licensed as an authorized insurer.
Advertising originating outside reciprocating state
(c) This section does not prohibit advertising through publication or by radio, television, or other broadcasts originating outside the reciprocating state if:
(1) the insurer is licensed to engage in the insurance business in a majority of the states in which the advertising is disseminated; and
(2) the advertising is not specifically directed to residents of the reciprocating state.
Insurance allowed in reciprocating states
(d) This section does not prohibit:
(1) insurance covering persons or risks located in a reciprocating state under contracts solicited and issued in states in which the insurer is then licensed; or
(2) insurance effectuated by the insurer as an unauthorized insurer under the laws of the reciprocating state.
Suspension or revocation of certificate for violations of section
(e) If the Commissioner finds, after a hearing, that a domestic insurer has violated this section, the Commissioner shall suspend or revoke the certificate of authority of the domestic insurer.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 275.
MD Code, Insurance, § 3-128, MD INSURANCE § 3-128
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document