Maryland Statutes
Subtitle 3 - Surplus Lines Insurance
Section 3-308 - Endorsement of Contract or Confirmation

Each insurance contract or confirmation procured and delivered under this subtitle shall be:
        (1)    endorsed or stamped conspicuously in boldface type on the first page of the insurance contract or confirmation as follows: “This insurance is issued by a nonadmitted insurer not under the jurisdiction of the Maryland Insurance Commissioner”; and
        (2)    accompanied by a written disclosure, as prescribed by the Commissioner, that:
            (i)    is written in clear, plain English;
            (ii)    explains that the insurer does not possess a certificate of authority from the Commissioner to engage in the insurance business in the State; and
            (iii)    includes any other information that the Commissioner requires.

Structure Maryland Statutes

Maryland Statutes

Insurance

Title 3 - Kinds of Insurers

Subtitle 3 - Surplus Lines Insurance

Section 3-301 - Definitions

Section 3-302 - Scope of Subtitle

Section 3-303 - Placement of Insurance With Alien Insurer

Section 3-304 - Regulations

Section 3-305 - Compliance With Filing Requirement

Section 3-306 - Procuring Surplus Lines Insurance Authorized

Section 3-306.1 - Diligent Search -- When Deemed Completed or Unnecessary

Section 3-306.2 - Disability Insurance and Short-Term Medical Insurance -- Nonadmitted Insurers

Section 3-307 - Affidavit

Section 3-308 - Endorsement of Contract or Confirmation

Section 3-309 - Validity of Surplus Lines Insurance Contract

Section 3-310 - Certificate of Qualification Required for Surplus Lines Broker; Exceptions

Section 3-311 - Qualifications of Applicants

Section 3-312 - Applications for Certificate of Qualification

Section 3-313 - Bond

Section 3-314 - Issuance of Certificate of Qualification

Section 3-315 - Scope of Certificate of Qualification

Section 3-316 - Term and Renewal of Certificate of Qualification

Section 3-316.1 - Reinstatement of Certificate of Qualification

Section 3-317 - Suspensions and Revocations

Section 3-318 - Approval of Surplus Lines Insurer

Section 3-319 - Placement of Surplus Lines Insurance Prohibited

Section 3-320 - Receipt of Premium by Surplus Lines Broker

Section 3-321 - Delivery of Policy, Binder, or Cover Note

Section 3-322 - Records

Section 3-324 - Premium Receipts Tax on Surplus Lines Insurance

Section 3-325 - Report of Premium Receipts and Payment of Tax

Section 3-326 - Delivery of False Binder or Cover Note Prohibited

Section 3-327 - Short Title