§ 4-101. Certificate of authority required to act as insurer and engage in insurance business
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 4-101
§ 4-101. Certificate of authority required to act as insurer and engage in insurance business
(a)(1) Except as otherwise provided in this article, a person may not act as an insurer and an insurer may not engage in the insurance business in the State unless the person has a certificate of authority issued by the Commissioner.
(b) A certificate of authority is not required for an insurer to engage in:
(2) transactions that occur after issuance of a policy that covers only subjects of insurance not resident, located, or expressly to be performed in the State at the time of issuance, or that covers property in the course of transportation by land, air, or water to, from, or through the State, including any incidental preparation and storage, and the coverage was lawfully solicited, written, and delivered outside the State;
Credits
Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, §§ 42, 43.
MD Code, Insurance, § 4-101, MD INSURANCE § 4-101
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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