§ 8–519
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 8-519 (2026)
Title 8. Entities That Act as Insurers
Subtitle 5. Reinsurance Intermediaries
§ 8–519LinkCopy Citation
(a)
An authorized insurer shall obtain annually a copy of statements of the financial condition of each reinsurance broker that transacts business with the authorized insurer.
(b)
An authorized insurer may not:
(1)
engage the services of a person to act as a reinsurance broker on its behalf unless the person has complied with this subtitle; or
(2)
employ an individual who also is employed by a reinsurance broker that transacts business with the authorized insurer, unless the reinsurance broker is under common control with the authorized insurer and is subject to Title 7 of this article.
(c)
An authorized insurer that violates any provision of this subtitle is subject to the disciplinary and penalty provisions of §§ 4-113 and 4-114 of this article.