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§ 4-107. Appointment of Commissioner as attorney for service of process

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 4. General Requirements for Insurers
Subtitle 1. Certificates of Authority (Refs & Annos)
MD Code, Insurance, § 4-107
§ 4-107. Appointment of Commissioner as attorney for service of process
In general
(a) On the form that the Commissioner provides, each insurer applying for a certificate of authority must appoint the Commissioner as attorney for service of process issued against the insurer in the State.
Nature of appointment
(b) The appointment:
(1) is irrevocable;
(2) binds the insurer and any successor in interest or successor to the assets and liabilities of the insurer; and
(3) remains in effect as long as there is in force in the State a contract made by the insurer or an obligation arising from a contract made by the insurer.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 57.
MD Code, Insurance, § 4-107, MD INSURANCE § 4-107
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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