§ 8–505
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 8-505 (2026)
Title 8. Entities That Act as Insurers
Subtitle 5. Reinsurance Intermediaries
§ 8–505LinkCopy Citation
(a)
(1)
On the form that the Commissioner provides, each nonresident applicant for a license must appoint the Commissioner as attorney for service of process issued against the applicant in the State.
(2)
The appointment:
(i)
is irrevocable;
(ii)
binds the applicant and any successor in interest; and
(iii)
remains in effect as long as there is in force in the State a contract made by the applicant or an obligation arising from a contract made by the applicant.
(b)
(1)
Each nonresident applicant for a license shall provide the Commissioner with the name and address of a resident of the State on whom notice and orders of the Commissioner and process issued against the applicant may be served.
(2)
(i)
A nonresident licensee promptly shall notify the Commissioner of a change in its designated agent for service.
(ii)
A change is not effective until acknowledged by the Commissioner.