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Session Laws, 1968
Volume 683, Page 908   View pdf image
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908                             LAWS OF MARYLAND                       CH. 487

(6)    Directly or indirectly acting as an agent for or otherwise
representing or aiding on behalf of another any person or insurer
in the solicitation, negotiation, procurement, or effectuation of in-
surance or renewals thereof or in the dissemination of information
as to coverage or rates, or forwarding of applications, or delivery
of policies or contracts, or inspection of risks, or fixing of rates or
investigation or adjustment of claims or losses or in the transaction
of matters subsequent to effectuation of the contract and arising
out of it, or in any other manner representing or assisting a person
or insurer in the transaction of insurance with respect to subjects
of insurance resident, located or to be performed in this State. The
provisions of this section shall not operate to prohibit full-time
salaried employees of a corporate insured from acting in the capacity
of an insurance manager or buyer in placing insurance in behalf of
such employer.

(7)  The doing of any kind of insurance business specifically
recognized as constituting the doing of an insurance business within
the meaning of the statutes relating to insurance.

(8)    The doing or proposing to do any insurance business in sub-
stance equivalent to any of the foregoing in a manner designed to
evade the provisions of the statutes.

(9)    Any other transactions of business in this State by an in-
surer.

(b) The provisions of this section do not apply to:

(1)    The lawful transaction of surplus lines insurance, as author-
ized in subtitle 13.

(2)    The lawful transaction of reinsurance by insurers.

(3)    Transactions in this State involving a policy lawfully solic-
ited, written, and delivered outside of this State covering only sub-
jects of insurance not resident, located, or expressly to be performed
in this State at the time of issuance, and which transactions are
subsequent to the issuance of such policy.

(4) Transactions involving contracts of insurance independently
procured through negotiations occurring entirely outside of this
State which are reported and on which premium tax is paid in
accordance with Section 209 of this Article.

(5)    Attorneys acting in the ordinary relation of attorney and
client in the adjustment of claims or losses.

(6)    Transactions in this State involving group or blanket insur-
ance or group annuities where the master policy of such group was
lawfully issued and delivered in a state in which the insurer was
authorized to engage in insurance business, unless otherwise deter-
mined by the Commissioner.

No person or insurer shall directly or indirectly do any of the acts
of an insurance business set forth in Section 203 of this Article,
except as provided by and in accordance with the specific authoriza-
tion of statute.

204.

 

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Session Laws, 1968
Volume 683, Page 908   View pdf image
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