1430                               Laws of Maryland                          Ch. 534

against any plaintiff, with respect to the amount of the excess limits
of insurance, any defense which it may be entitled to plead against
the person insured by the policy.

(f)    No policy of insurance offered as proof of financial respon-
sibility under this subtitle shall be cancelled, or annulled as respects
any loss or damage, by any agreement between the person named in
the policy and the insurance carrier after the insured person has
become involved in an accident resulting in loss or damage and any
cancellation or annulment shall be void.

(g)    A policy of insurance offered as proof of financial responsi-
bility under this subtitle, the written application therefor, if any,
and any endorsement to the policy which is not in conflict with or
contrary to the provisions required by this subtitle, shall constitute
the entire contract between the parties.

(h) Pending the issue of a policy of insurance to be offered as
proof of financial Responsibility under this subtitle, the department
or the Public Service Commission as the case may be, may accept a
lawfully authenticated binder of insurance in lieu of the policy,
provided such binder of insurance meets all the requirements apply-
ing to a policy of insurance as set forth in this subtitle.

§ 7-325. Notice of cancellation or termination of certified policy.

When any form of proof of financial responsibility has been certi-
fied to the department or the Public Service Commission as the case
may be, the proof shall not be cancelled or annulled by any party in
interest except upon not less than 30 days' notice to the department
or the Public Service Commission as the case may be, except that a
motor vehicle liability insurance policy subsequently procured and
certified, on the effective date of the insurance afforded by the policy,
shall terminate the insurance previously certified with respect to any
motor vehicle designated in both certificates.

§ 7-326. Subtitle not to affect other policies.

(a)    This Article shall not be held to apply to or affect policies
of automobile insurance against liability which may be required by
any other law of this State, and such policies, if endorsed to conform
to the requirements of this Article, shall be accepted as proof of
financial responsibility when required under this Article.

(b)    This Article shall not be held to apply to or affect policies
insuring solely the insured named in the policy against liability re-
sulting from the maintenance, operation, or use by persons in the
insured's employ or in his behalf of motor vehicles not owned by the
insured.

§ 7-327. Bond as proof.

A surety bond, as that term is used in this Article, when offered as
proof of financial responsibility under this Article, means a financial
guarantee issued by a surety bond company authorized by the Com-
missioner of Insurance of the State of Maryland, to transact business
in this State. A surety bond meets the requirements enumerated
hereunder when: