906 LAWS OF MARYLAND CH. 487
CHAPTER 487
(Senate Bill 11)
AN ACT to repeal Section 200 of Article 48A of the Annotated Code
of Maryland (1964 Replacement Volume), title "Insurance Code,"
subtitle "13. Surplus Lines," and to repeal and re-enact, with
amendments, Section 201(a) of the said Article of the Code, sub-
title "14. Unauthorized Insurers," and to repeal Sections 202
through 211, inclusive, of the said Article and subtitle of the Code,
and to enact new Sections 202 through 211A, inclusive, in lieu
thereof, to stand in the place of the sections so repealed, to provide
for substituted service of process upon both the Secretary of State
and the Insurance Commissioner, as to certain insurance companies
doing business in this State, to require the payment of premium
tax by unauthorized insurers or persons insured by such insurers,
and to provide penalties against unauthorized insurers doing in-
surance business in Maryland.
Section 1. Be it enacted by the General Assembly of Maryland,
That Section 200 of Article 48A of the Annotated Code of Maryland
(1964 Replacement Volume), title "Insurance Code," subtitle "13.
Surplus Lines," be and it is hereby repealed.
Sec. 2. And be it further enacted, That Section 201(a) of the
said Article of the Code, subtitle "14. Unauthorized Insurers," be
and it is repealed and re-enacted, with amendments, and that Sec-
tions 202 through 211, inclusive, be and they are hereby repealed,
and that new Sections 202 through 211A be and they are enacted in
lieu thereof, to stand in the place of the sections so repealed, and all
to read as follows:
201.
(a) No person shall in this State directly or indirectly act as
agent for, or otherwise represent or aid on behalf of another, any
insurer not then authorized to transact insurance business in this
State, in the solicitation, negotiation or effectuation of insurance or
of annuity contracts, inspection of risks, fixing of rates, investiga-
tion or adjustment of losses, collection of premiums, or in any other
manner in the transaction of insurance business with respect to sub-
jects of insurance resident, located or to be performed in this State.
This section shall not apply to:
(1) Acceptance of service of process, [by the Commissioner
under Section 205.]
(2) Surplus lines insurance, and other transactions as to which
certificate of authority is not required of an insurer as stated in
Section 43.
(3) Reinsurance as authorized by Section 74.
(4) To the services of an adjuster with respect to claims under
policies lawfully solicited, issued and delivered outside Maryland.
(5) To the professional services of an attorney at law.
|
![clear space](../../../images/clear.gif) |