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§ 4-203. Acting as insurance producer for unauthorized insurer prohibited

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 4. General Requirements for Insurers
Subtitle 2. Unauthorized Insurers (Refs & Annos)
MD Code, Insurance, § 4-203
§ 4-203. Acting as insurance producer for unauthorized insurer prohibited
Currentness
Application of section
(a) This section does not apply to:
(1) acceptance of service of process;
(2) surplus lines insurance;
(3) a transaction for which a certificate of authority is not required under § 4-101(b) of this title;
(4) reinsurance, as authorized under Title 5, Subtitle 9 of this article;
(5) an adjuster while providing services with respect to a claim under a policy lawfully solicited, issued, and delivered outside of the State; or
(6) the professional services of an attorney at law.
Acting as insurance producer for unauthorized insurers prohibited
(b) With respect to a subject of insurance resident, located, or to be performed in the State, a person may not in the State directly or indirectly act as an insurance producer for, or otherwise represent or help on behalf of another, an unauthorized insurer to:
(1) solicit, negotiate, or effect insurance or an annuity contract;
(2) inspect risks;
(3) fix rates;
(4) investigate or adjust losses;
(5) collect premiums; or
(6) transact insurance business in any other manner.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 2001, c. 731, § 1, eff. July 2, 2001.
Formerly Art. 48A, § 201.
MD Code, Insurance, § 4-203, MD INSURANCE § 4-203
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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