§ 3–326
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 3-326 (2026)
Title 3. Kinds of Insurers
Subtitle 3. Surplus Lines Insurance
§ 3–326LinkCopy Citation
(a)
A surplus lines broker may not:
(1)
knowingly or negligently deliver a false binder or cover note; or
(2)
fail to notify the insured promptly of any material change with respect to surplus lines insurance by delivery to the insured of a substitute binder or cover note as provided in § 3-321 of this subtitle.
(b)
A violation of subsection (a) of this section is a violation of this article.
(c)
A person that violates subsection (a) of this section is guilty of a misdemeanor and on conviction is subject to the penalty provided by § 1-301 of this article or to any greater applicable penalty provided by law.