(a) In this section, “industrial insured” means an insured that: (1) procures the insurance of a risk by the services of a full-time employee acting as an insurance manager or buyer or a regularly and continuously retained qualified insurance consultant; (2) has aggregate annual premiums for insurance on all risks that total at least $100,000; or (3) has at […]
(a) The General Assembly finds that: (1) many residents of the State hold policies issued by insurers and other persons not authorized to do insurance business in the State; (2) these residents face the often insurmountable obstacle of asserting their legal rights under those policies in forums that are foreign to them and under laws and rules of […]
(a) This section does not apply to: (1) acceptance of service of process; (2) surplus lines insurance; (3) a transaction for which a certificate of authority is not required under § 4-101(b) of this title; (4) reinsurance, as authorized under Title 5, Subtitle 9 of this article; (5) an adjuster while providing services with respect to a claim under a policy […]
(a) (1) A person may not accept for publication or printing in a newspaper, magazine, or other periodical, or for broadcast on radio or television in the State, an advertisement or other notice that directly or indirectly solicits business for or sets forth the advantages of doing business with an insurer, insurance producer, or other person, unless […]
(a) This section does not apply to: (1) the lawful transaction of surplus lines insurance; (2) the lawful transaction of reinsurance by insurers; (3) transactions in the State that involve, and are subsequent to the issuance of, a policy that was lawfully solicited, written, and delivered outside of the State covering only a subject of insurance not resident, located, […]
(a) An unauthorized foreign insurer or unauthorized alien insurer is deemed to have appointed the Commissioner to be the attorney of the unauthorized insurer for purposes of service of process in a proceeding instituted by or for an insured or beneficiary arising out of an insurance contract and to have agreed that service on the Commissioner […]
(a) (1) An unauthorized insurer or person that does an act of insurance business listed in § 4-205(c) of this subtitle is deemed to have appointed irrevocably the Secretary of State to be the attorney of the unauthorized insurer or person in a proceeding in a court by the Commissioner or the State, and on whom may […]
(a) This section does not apply to: (1) lawfully procured surplus lines insurance; or (2) insurance contracts that are independently procured through negotiations occurring entirely outside of the State and that are reported and on which the premium tax is paid under §§ 4-210 and 4-211 of this subtitle. (b) An unauthorized insurer may not enforce an insurance contract […]
(a) This section does not apply to: (1) premiums on lawfully procured surplus lines insurance; (2) premiums on independently procured insurance on which a tax has been paid under § 4–211 of this subtitle; or (3) wet marine and transportation insurance. (b) (1) If an unauthorized insurer effects, continues, or renews insurance on a subject resident, located, or to be performed […]
(a) In this section, “insured” includes an industrial insured who procures insurance of a risk through a full–time employee acting as a risk manager. (b) (1) Each insured that procures or causes to be procured insurance with an unauthorized insurer, or an insured or self–insured that procures or continues excess loss, catastrophe, or other insurance with an unauthorized […]
(a) This section does not apply to wet marine and transportation insurance. (b) (1) If an insured procures, continues, or renews insurance from an unauthorized insurer that is subject to a report under § 4–210 of this subtitle, a premium receipts tax of 3% of the gross premiums charged for the insurance is levied on the obligation, chose […]
(a) (1) In this section the following words have the meanings indicated. (2) “Act” has the meaning stated in § 3–301 of this article. (3) “Home state” has the meaning stated in § 3–301 of this article. (4) “Nonadmitted insurance” has the meaning stated in § 3–301 of this article. (b) For policies effective on or after July 21, 2011, the […]
An unauthorized insurer or person that violates this subtitle is subject to a civil penalty of not less than $100 but not exceeding $50,000 for each violation.
