This section does not apply to: reinsurance; life insurance, health insurance, or annuity contracts; insurance of: rolling stock, vessels, or aircraft of a common carrier used in interstate or foreign commerce; a motor vehicle principally garaged and used outside the State; or liability or other risks, incident to the ownership, maintenance, or operation of a subject of insurance under item (i) or (ii) of this item; insurance of property while transported in interstate or in foreign trade, or any liability or risk incident to the transportation; insurance of wet marine and transportation risks; bid bonds issued in connection with public or private contracts; policies or endorsements issued through: insurance producers compensated only by salary; insurers not using insurance producers in the general solicitation of business; mutual insurers or other insurers not customarily using insurance producers compensated by commission if no commission is payable to an insurance producer on the policy or endorsement; or insurers or groups of insurers under common management or control that are represented exclusively by insurance producers who represent only the insurers or groups of insurers; reciprocal insurers; or insurance written through: the Maryland Automobile Insurance Fund; or the Maryland Property Insurance Availability Program. This section does not alter the requirements of § 10-119 of this subtitle. Notwithstanding any other provision of law of this State or of policy forms, and subject to paragraph (2) of this subsection, an insurance producer that is a resident of this State may not be required to sign or countersign a policy covering a subject of insurance resident, located, or to be performed in this State. A policy covering a subject of insurance resident, located, or to be performed in this State shall be signed or countersigned by an insurance producer that is a resident of this State if: the policy is written by an insurance producer that is a resident of another state and is qualified as a nonresident insurance producer in this State; and the law of the other state requires a signature or countersignature by an insurance producer that is a resident of that state on a policy written by an insurance producer that is not a resident in that state. A policy is not invalid because it does not have the required signature or countersignature. A person may not sign or countersign a policy or endorsement subject to this section unless the person: is a licensed insurance producer; is a resident of this State; is compensated by commissions on policies subject to this section; and is not an employee or officer of the insurer issuing the policy. This section does not prevent an insurance producer from: delegating the duty of signing or countersigning to employees of the insurance producer that are not also employees of lending institutions; or directing the payment of commissions on policies subject to this section to a corporation or partnership insurance agency or otherwise. An insurance producer may not countersign a policy or endorsement unless the policy or endorsement states, as applicable: the rates or premiums; a description of the property insured; and the name and address of the insured. If the law of another state requires an insurance producer that is a resident of that state to keep part of the commission paid on a policy written, countersigned, or delivered by the insurance producer in that state on request of a nonresident insurance producer of that state, an insurance producer that is a resident of this State and that signs or countersigns a policy written by an insurance producer that is a resident of the other state and qualified as a nonresident insurance producer in this State covering a subject of insurance resident, located, or to be performed in this State shall keep an equal pro rata part of any commission on the policy.