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§ 8-207. Surety bond or other security requirements

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 8. Entities that Act as Insurers
Subtitle 2. Managing General Agents (Refs & Annos)
MD Code, Insurance, § 8-207
§ 8-207. Surety bond or other security requirements
In general
(a) By regulation, the Commissioner may require a managing general agent to maintain a bond or other security in an amount set by the Commissioner to protect the insurer and policyholders or to maintain an errors and omissions policy issued by an authorized insurer, or both.
Managing agent subject to examination
(b) A managing general agent is subject to examination under §§ 2-205 through 2-209 of this article.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, §§ 666, 671.
MD Code, Insurance, § 8-207, MD INSURANCE § 8-207
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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