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§ 8-108. Recordkeeping requirements of controlling insurance producer

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 8. Entities that Act as Insurers
Subtitle 1. Broker Controlled Business (Refs & Annos)
MD Code, Insurance, § 8-108
§ 8-108. Recordkeeping requirements of controlling insurance producer
The controlling insurance producer shall keep records sufficient to:
(1) demonstrate that the controlling insurance producer's dealings with its controlled insurer were fair and comply with Title 7 of this article; and
(2) disclose accurately the nature and details of the controlling insurance producer's transactions with its controlled insurer, including any information that is necessary to support the charges or fees to the respective parties.

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, § 662.
MD Code, Insurance, § 8-108, MD INSURANCE § 8-108
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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