§ 8–106
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 8-106 (2026)
Title 8. Entities That Act as Insurers
Subtitle 1. Broker Controlled Business
§ 8–106LinkCopy Citation
(a)
In this section, “reinsurance intermediary” means a person that acts as an insurance producer in:
(1)
soliciting, negotiating, or procuring a reinsurance contract or binder for a ceding insurer; or
(2)
accepting a reinsurance contract or binder for an assuming insurer.
(b)
This section does not apply to a reinsurance intermediary that makes a complete written disclosure to the parties of its relationship with the assuming or ceding insurer before completion of the transaction.
(c)
A reinsurance intermediary that has control of an assuming insurer may not directly or indirectly place insurance business with the assuming insurer in a transaction in which the reinsurance intermediary acts as an insurance producer for the ceding insurer.
(d)
A reinsurance intermediary that has control of a ceding insurer may not directly or indirectly accept business from the ceding insurer in a transaction in which the reinsurance intermediary acts as an insurance producer for the assuming insurer.