Home Table of Contents

§ 8-212. Confidentiality of contracts

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, § 8-212
§ 8-212. Confidentiality of contracts
In general
(a) Unless the insurer to which a contract relates gives written consent, the contract between a managing general agent and an insurer obtained by the Commissioner during an examination or investigation under this subtitle, or reported or filed under this subtitle:
(1) shall be treated confidentially;
(2) is not subject to subpoena; and
(3) may not be made public by the Commissioner, the National Association of Insurance Commissioners, or any other person.
Publication of contract by Commissioner
(b) The Commissioner may publish all or part of a contract between a managing general agent and an insurer in the manner that the Commissioner considers appropriate if, after giving the managing general agent and insurer notice and an opportunity to be heard, the Commissioner finds that the interest of the policyholders or the public will be served by publication of the contract.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 674.
MD Code, Insurance, § 8-212, MD INSURANCE § 8-212
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document