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Session Laws, 1995
Volume 793, Page 1243   View pdf image
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PARRIS N. GLENDENING, Governor

Ch. 36

(II)     INSURERS NOT USING AGENTS IN THE GENERAL SOLICITATION
OF BUSINESS;

(III)    MUTUAL INSURERS OR OTHER INSURERS NOT CUSTOMARILY
USING AGENTS COMPENSATED BY COMMISSION IF NO COMMISSION IS PAYABLE TO
AN AGENT ON THE POLICY OR ENDORSEMENT; OR

(IV)    INSURERS OR GROUPS OF INSURERS UNDER COMMON
MANAGEMENT OR CONTROL THAT ARE REPRESENTED EXCLUSIVELY BY AGENTS
WHO REPRESENT ONLY THE INSURERS OR GROUPS OF INSURERS;

(8)      RECIPROCAL INSURERS; OR

(9)      INSURANCE WRITTEN THROUGH:

(I)      THE MARYLAND AUTOMOBILE INSURANCE FUND; OR

(II)     THE MARYLAND PROPERTY INSURANCE AVAILABILITY
PROGRAM.

(B)     EFFECT OF SECTION.

THIS SECTION DOES NOT ALTER THE REQUIREMENTS OF § 10-119 OF THIS
SUBTITLE.

(C)     SIGNATURE OR COUNTERSIGNATURE NOT REQUIRED; EXCEPTION.

(1)      NOTWITHSTANDING ANY OTHER PROVISION OF LAW OF THIS STATE
OR OF POLICY FORMS, AND SUBJECT TO PARAGRAPH (2) OF THIS SUBSECTION, AN
AGENT THAT IS A RESIDENT OF THIS STATE MAY NOT BE REQUIRED TO SIGN OR
COUNTERSIGN A POLICY COVERING A SUBJECT OF INSURANCE RESIDENT,
LOCATED, OR TO BE PERFORMED IN THIS STATE.

(2)      A POLICY COVERING A SUBJECT OF INSURANCE RESIDENT,
LOCATED, OR TO BE PERFORMED IN THIS STATE SHALL BE SIGNED OR
COUNTERSIGNED BY AN AGENT THAT IS A RESIDENT OF THIS STATE IF:

(I)       THE POLICY IS WRITTEN BY AN AGENT THAT IS A RESIDENT OF
ANOTHER STATE AND IS QUALIFIED AS A NONRESIDENT AGENT IN THIS STATE; AND

(II)     THE LAW OF THE OTHER STATE REQUIRES A SIGNATURE OR
COUNTERSIGNATURE BY AN AGENT THAT IS A RESIDENT OF THAT STATE ON A
POLICY WRITTEN BY AN AGENT OR BROKER THAT IS NOT A RESIDENT IN THAT
STATE.

(3)      A POLICY IS NOT INVALID BECAUSE IT DOES NOT HAVE THE
REQUIRED SIGNATURE OR COUNTERSIGNATURE.

(D)     PERSONS AUTHORIZED TO SIGN OR COUNTERSIGN POLICY.

(1) A PERSON MAY NOT SIGN OR COUNTERSIGN A POLICY OR
ENDORSEMENT SUBJECT TO THIS SECTION UNLESS THE PERSON:

(I) IS A QUALIFIED AGENT;
- 1243 -

 

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Session Laws, 1995
Volume 793, Page 1243   View pdf image
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