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§ 8-211. Acts of managing general agent deemed acts of insurance

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, § 8-211
§ 8-211. Acts of managing general agent deemed acts of insurance
In general
(a) The acts of a managing general agent are deemed to be the acts of the insurer for whom the managing general agent is acting.
Insolvency of managing general agent
(b) If a managing general agent becomes insolvent, the obligations of the managing general agent with respect to policyholders of an insurer shall be assumed by that insurer.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, §§ 671, 672.
MD Code, Insurance, § 8-211, MD INSURANCE § 8-211
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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