<?xml version='1.0' encoding='utf-8'?>
<chapter num="04" heading="Regulation Restricting Licensed Insurance Producers to Placing Maryland Risks for State Citizens with Authorized Insurers" title_num="31" subtitle_num="03">
  <regulation prefix="Regulation" num=".01" heading="Unfair Trade Practice.">
    <paragraph num="A.">
      <text>This regulation does not apply to:</text>
      <paragraph num="(1)">
        <text>Reinsurance of the liability of an admitted insurer;</text>
      </paragraph>
      <paragraph num="(2)">
        <text>Insurance against perils of navigation, transit, or transportation upon hulls, freights or disbursements, or other personal property and interest therein, in the course of exportation from or importation into any country, or transportation coastwise, including transportation by land or water from point of origin to final destination and including war risks; and marine builder's risks, dry docks, and marine railways, including insurance of ship repairer's liability, and protection and indemnity insurance, but excluding insurance covering:</text>
        <paragraph num="(a)">
          <text>Bridges and tunnels,</text>
        </paragraph>
        <paragraph num="(b)">
          <text>Pleasure craft that are under 60 feet in length and are owned and used for pleasure and not for business, hire, or other commercial use,</text>
        </paragraph>
        <paragraph num="(c)">
          <text>Fishing vessels under 50 gross tons weight that are not part of a fleet of three or more vessels, or</text>
        </paragraph>
        <paragraph num="(d)">
          <text>Charter or head boats under 50 gross tons that are not part of a fleet of three or more vessels;</text>
        </paragraph>
      </paragraph>
      <paragraph num="(3)">
        <text>Aircraft insurance;</text>
      </paragraph>
      <paragraph num="(4)">
        <text>Insurance on property or operations of railroads engaged in interstate commerce;</text>
      </paragraph>
      <paragraph num="(5)">
        <text>Insurance effectuated in accordance with the Surplus-Line Insurance Law, Insurance Article, Title 3, Subtitle 3, Annotated Code of Maryland; and</text>
      </paragraph>
      <paragraph num="(6)">
        <text>Insurance effectuated in accordance with Article 83A, §§5-1035 and 5-1037, Annotated Code of Maryland, and State Finance and Procurement Article, §§13-207, 13-208, 13-216, and 17-104, Annotated Code of Maryland.</text>
      </paragraph>
    </paragraph>
    <paragraph num="B.">
      <text>It is deemed to be an unfair trade practice in the business of insurance for any insurance producer licensed both in Maryland and in another state or the District of Columbia to place insurance on risks located in Maryland for Maryland citizens with insurers not authorized to do business in this State.</text>
    </paragraph>
  </regulation>
  <annotations>
    <annotation type="Authority">Insurance Article, §§2-109, 4-201, and 4-203, Annotated Code of Maryland</annotation>
    <annotation type="History" subtype="Administrative History">Effective date: August 1, 1966</annotation>
    <annotation type="History" subtype="Administrative History">Amended effective May 1, 1968</annotation>
    <annotation type="History" subtype="Administrative History">Regulation .01A amended effective April 22, 1996 (23:8 Md. R. 604)</annotation>
    <annotation type="History" subtype="Administrative History">Chapter recodified from COMAR 09.30.23 to COMAR 31.03.04 effective September 7, 1998 (25:18 Md. R. 1439)</annotation>
    <annotation type="History" subtype="Administrative History">Regulation .01 amended effective April 10, 2006 (33:7 Md. R. 675)</annotation>
    <annotation type="History" subtype="Administrative History">Regulation .01A amended effective December 29, 2008 (35:26 Md. R. 2250)</annotation>
  </annotations>
</chapter>