# Insurance (GIN)

## Title 8. Entities That Act as Insurers

### Subtitle 5. Reinsurance Intermediaries

#### Section 8-519

(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 Sec.Sec. 4-113 and 4-114 of this article.

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Md. Code Ann., Ins. (as displayed at mgaleg.maryland.gov, October 16, 2026)