Ch. 29

LAWS OF MARYLAND

This policy is issued by your risk retention
group. Your risk retention group may not be
subject to all of the insurance laws and
regulations of your state. State insurance
insolvency guaranty funds are not available
for your risk retention group."

(g) In addition to any other prohibition set forth in this
subtitle, the following acts by a risk retention group are
prohibited:

(1)  The solicitation or sale of insurance to a person
who is not eligible for membership in the group; and

(2)  The solicitation or sale of insurance by, or
operation of, a risk retention group that is in a hazardous
financial condition or is financially impaired.

(h) A risk retention group may not be permitted to do
business in this State if an insurance company is directly or
indirectly a member or owner of such risk retention group, unless
the group is comprised entirely of insurance companies.

(i) A risk retention group may not offer insurance policy
coverage prohibited by this article or declared unlawful by the
Court of Appeals of Maryland.

(j) If there has been a finding of financial impairment
after an examination under § 619(e) of this subtitle, a risk
retention group not chartered in this State and doing business in
this State shall comply with a lawful order issued in a voluntary
dissolution proceeding or in a delinquency proceeding commenced
by a state insurance commissioner.

623.

(A) [A] PRIOR TO DOING BUSINESS IN THIS STATE, A purchasing
group which intends to do business in this State shall furnish
notice to the Commissioner. This notice shall include:

[(a)] (1) The state in which the group is domiciled;

[(b)] (2) The [laws] LINES and classifications of liability
insurance which the purchasing group intends to purchase;

(3)  THE IDENTITY OF ALL STATES IN WHICH THE
PURCHASING GROUP INTENDS TO DO BUSINESS;

[(c)] (4) The insurance company from which the group
intends to purchase its insurance and the domicile of such
company;

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