Ch. 36                                          1995 LAWS OF MARYLAND

"Person" § 1-101

"Policy" § 1-10.1

"Property insurance" § 1-101

"State" § 1-101

"Unauthorized insurer" § 1-101

10-127. CANCELLATION OF POLICY IF PREMIUMS PAID TO BROKER.

AN INSURER MAY NOT CANCEL A POLICY FOR NONPAYMENT OF PREMIUMS IF
THE PREMIUM DUE ON THE POLICY HAS BEEN PAID TO THE BROKER.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 174.

Defined terms: "Broker" § 1-101
"Insurer" § 1-101
"Policy" § 1-101
"Premium" § 1-101

10-128. SIGNATURE OR COUNTERSIGNATURE OF POLICIES.

(A) SCOPE OF SECTION.

THIS SECTION DOES NOT APPLY TO:

(1)      REINSURANCE;

(2)      LIFE INSURANCE, HEALTH INSURANCE, OR ANNUITY CONTRACTS;

(3)      INSURANCE OF:

(I)       ROLLING STOCK, VESSELS, OR AIRCRAFT OF A COMMON
CARRIER USED IN INTERSTATE OR FOREIGN COMMERCE;

(II)     A VEHICLE PRINCIPALLY GARAGED AND USED OUTSIDE THE
STATE; OR

(III)    LIABILITY OR. OTHER RISKS, INCIDENT TO THE OWNERSHIP,
MAINTENANCE, OR OPERATION OF A SUBJECT OF INSURANCE UNDER SUBITEMS (I)
OR (II) OF THIS ITEM;

(4)      INSURANCE OF PROPERTY WHILE TRANSPORTED IN INTERSTATE
OR IN FOREIGN TRADE, OR ANY LIABILITY OR RISK INCIDENT TO THE
TRANSPORTATION;

(5)      INSURANCE OF WET MARINE AND TRANSPORTATION RISKS;

(6)      BID BONDS ISSUED IN CONNECTION WITH PUBLIC OR PRIVATE
CONTRACTS;

(7)      POLICIES OR ENDORSEMENTS ISSUED THROUGH:
(I) AGENTS COMPENSATED ONLY BY SALARY;

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