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Subtitle 1 - Certificates of Authority
Section 4-101 - Certificate of Authority Required; Exceptions - (a) (1) Except as otherwise provided in this article, a...
Section 4-102 - Qualifications of Insurers - (a) To engage in the insurance business in the State,...
Section 4-103 - Capital and Surplus Requirements -- in General - (a) Capital and surplus requirements for an insurer shall be...
Section 4-104 - Capital Stock Requirements - (a) Except as otherwise provided in this article, to qualify...
Section 4-104.1 - Capital Stock Requirements --Title Insurer - Notwithstanding the provisions of § 4–104 of this subtitle, a...
Section 4-105 - Surplus Assets or Funds Required - (a) In addition to the minimum capital stock required by...
Section 4-105.1 - Surplus Requirements -- Title Insurers - Notwithstanding the provisions of § 4–105 of this subtitle, a...
Section 4-106 - Deposit of Securities - (a) Except as provided in subsections (b) and (c) of...
Section 4-107 - Service of Process - (a) On the form that the Commissioner provides, each insurer...
Section 4-108 - Applications for Initial Certificate of Authority - An applicant for an initial certificate of authority shall: (1)...
Section 4-109 - Issuance or Disapproval of Initial Certificate of Authority - (a) Within a reasonable time after the filing of a...
Section 4-110 - Contents of Certificate of Authority - A certificate of authority shall state the kind or combination...
Section 4-111 - Scope of Certificate of Authority - (a) Except as otherwise provided in this section, a certificate...
Section 4-112 - Term and Renewal of Certificate of Authority - (a) A certificate of authority expires on the first June...
Section 4-113 - Denials, Refusals to Renew, Suspensions, and Revocations - (a) The Commissioner shall deny a certificate of authority to...
Section 4-114 - Cease and Desist Orders - (a) Without notice and before hearing, the Commissioner may issue...
Section 4-115 - Home Office; Location of Accounting Records and Assets - (a) (1) In this section the following words have the...
Section 4-116 - Annual and Interim Statements; Audited Financial Report - (a) (1) On or before March 1 of each year,...
Section 4-117 - Notice to Third Party Claimant of Payment to Attorney - (a) At the time of payment, if the payment has...
Section 4-118 - Qualified Independent Certified Public Accountants - (a) The Commissioner may not recognize any person as a...
Subtitle 2 - Unauthorized Insurers
Section 4-201 - Scope of Subtitle - (a) In this section, “industrial insured” means an insured that:...
Section 4-202 - Legislative Policy - (a) The General Assembly finds that: (1) many residents of...
Section 4-203 - Acting as Insurance Producer for Unauthorized Insurer Prohibited - (a) This section does not apply to: (1) acceptance of...
Section 4-204 - Advertisements of Unauthorized Insurers, Insurance Producers, and Others - (a) (1) A person may not accept for publication or...
Section 4-205 - Statutory Authorization Required to Do Insurance Business - (a) This section does not apply to: (1) the lawful...
Section 4-206 - Service of Process on Commissioner - (a) An unauthorized foreign insurer or unauthorized alien insurer is...
Section 4-207 - Service of Process on Secretary of State - (a) (1) An unauthorized insurer or person that does an...
Section 4-208 - Contracts of Unauthorized Insurers Not Enforceable - (a) This section does not apply to: (1) lawfully procured...
Section 4-209 - Premium Receipts Tax -- Unauthorized Insurers - (a) This section does not apply to: (1) premiums on...
Section 4-210 - Report by Insured - (a) In this section, “insured” includes an industrial insured who...
Section 4-211 - Premium Receipts Tax -- Insureds - (a) This section does not apply to wet marine and...
Section 4-211.1 - Premium Receipts Tax -- Nonadmitted or Unauthorized Insurance - (a) (1) In this section the following words have the...
Section 4-212 - Penalty - An unauthorized insurer or person that violates this subtitle is...
Subtitle 3 - Risk Based Capital Standards for Insurers
Section 4-301 - Definitions - (a) In this subtitle the following words have the meanings...
Section 4-302 - Public Policy - It is the public policy of the State that, in...
Section 4-303 - Rbc Reports - (a) (1) (i) On or before the filing date, each...
Section 4-304 - Risk Based Capital Requirements - (a) (1) A life insurer’s or fraternal benefit society’s risk...
Section 4-305 - Company Action Level Event - (a) A company action level event occurs: (1) when an...
Section 4-306 - Regulatory Action Level Event - (a) A regulatory action level event occurs when: (1) an...
Section 4-307 - Authorized Control Level Event - (a) An authorized control level event occurs when: (1) an...
Section 4-308 - Mandatory Control Level Event - (a) A mandatory control level event occurs when: (1) an...
Section 4-309 - Challenges by Insurer - (a) An insurer may challenge any of the following determinations...
Section 4-310 - Confidentiality of Rbc Reports and Plans - (a) All RBC reports and RBC plans related to any...
Section 4-311 - Supplemental to Other Laws; Regulations; Exemptions - (a) The provisions of this subtitle are supplemental to other...
Section 4-312 - Foreign Insurers - (a) On written request of the Commissioner, a foreign insurer...
Section 4-313 - Liability - There is no liability on the part of, and no...
Section 4-314 - Effective Date of Notices - All notices by the Commissioner to an insurer that may...
Subtitle 4 - Disclosure Requirements for Insurers
Section 4-401 - Reporting Medical Malpractice Claims or Actions - (a) This section applies to: (1) each insurer that provides...
Section 4-402 - Inspection of Medical Files on Applicants and Claimants - (a) Medical files on applicants and claimants that are compiled...
Section 4-403 - Disclosure of Insured's Medical or Claims Records - (a) Except as provided in subsection (b), (c), or (d)...
Section 4-404 - Disclosure of Medical Examination Results by Life Insurer - If a life insurer denies a policy of life insurance...
Section 4-405 - Additional Reporting Requirements; Regulations; Confidentiality - (a) (1) Each insurer providing professional liability insurance to a...
Section 4-406 - Breach of the Security of a System - (a) (1) In this section the following words have the...
Subtitle 5 - Corporate Governance Annual Disclosure Act
Section 4-501 - Definitions - (a) In this subtitle the following words have the meanings...
Section 4-502 - Applicability and Construction of Subtitle - (a) The requirements of this subtitle apply only to insurers...
Section 4-503 - Corporate Governance Annual Disclosure - (a) (1) Not later than June 1 each calendar year...
Section 4-504 - Discretion of Provider; Information Required - (a) (1) Subject to paragraph (2) of this subsection, an...
Section 4-505 - Confidentiality - (a) Any documents, materials, or other CGAD–related information, including a...
Section 4-506 - Consultants - (a) (1) The Commissioner may retain, at an insurer’s expense,...
Section 4-507 - Effect of Failure to Submit Cgad; Penalties - (a) Subject to § 2–210 of this article, an insurer...
Section 4-508 - Regulations - The Commissioner may adopt regulations to carry out this subtitle.
Section 4-509 - Short Title - This subtitle may be cited as the Corporate Governance Annual...