§ 3-320. Receipt of premium by surplus lines broker
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 3-320
§ 3-320. Receipt of premium by surplus lines broker
(a) In any question that arises under the coverage between an unauthorized insurer and the insured, the unauthorized insurer is deemed to have received the premium due it for surplus lines insurance if:
(b) An unauthorized insurer described in subsection (a) of this section is liable to the insured for losses covered by the surplus lines insurance and, on cancellation, for unearned premiums that may become payable to the insured, whether or not the surplus lines broker is indebted to the unauthorized insurer for the surplus lines insurance or for any other reason.
(c) This section does not affect rights between the unauthorized insurer and the surplus lines broker.
Credits
Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 192.
MD Code, Insurance, § 3-320, MD INSURANCE § 3-320
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 |