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§ 11-230. Policies, endorsements, certificates, or additions outside of filing requirements pro...

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 11. Insurance Rating Law
Subtitle 2. Prior Approval Rate Making (Refs & Annos)
Part VI. Prohibited Acts; Penalties
MD Code, Insurance, § 11-230
§ 11-230. Policies, endorsements, certificates, or additions outside of filing requirements prohibited
Currentness
In general
(a) An insurer or officer, insurance producer, or representative of an insurer may not knowingly issue or deliver or knowingly allow the issuance or delivery of a policy or endorsement, certificate, or addition to the policy, except in accordance with the filings that are in effect for the insurer as provided in this subtitle.
Commissions to licensed insurance producers
(b) An insurer may pay or allow a commission to a licensed insurance producer of the insurer as compensation for procuring business.

Credits

Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997. Amended by Acts 2001, c. 731, § 1, eff. July 2, 2001.
Formerly Art. 48A, § 242.
MD Code, Insurance, § 11-230, MD INSURANCE § 11-230
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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