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§ 3-308. Endorsement of contract or confirmation

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 3. Kinds of Insurers
Subtitle 3. Surplus Lines Insurance (Refs & Annos)
MD Code, Insurance, § 3-308
§ 3-308. Endorsement of contract or confirmation
Currentness
Each insurance contract or confirmation procured and delivered under this subtitle shall be:
(1) endorsed or stamped conspicuously in boldface type on the first page of the insurance contract or confirmation as follows: “This insurance is issued by a nonadmitted insurer not under the jurisdiction of the Maryland Insurance Commissioner”; and
(2) accompanied by a written disclosure, as prescribed by the Commissioner, that:
(i) is written in clear, plain English;
(ii) explains that the insurer does not possess a certificate of authority from the Commissioner to engage in the insurance business in the State; and
(iii) includes any other information that the Commissioner requires.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 1998, c. 751, § 1, eff. Oct. 1, 1998.
Formerly Art. 48A, § 186.
MD Code, Insurance, § 3-308, MD INSURANCE § 3-308
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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