(a) Each surplus lines broker shall keep separate records and accounts of all business transacted under the surplus lines broker's certificate of qualification, including copies of:
(1) any daily report made by the surplus lines broker; and
(2) each binder or cover note delivered by the surplus lines broker.
(b) The records described by subsection (a) of this section shall be kept by the surplus lines broker for 3 years after the issuance of the coverage to which the record relates and shall be available at any reasonable time during that period for examination by the Commissioner.
Structure Maryland Statutes
Subtitle 3 - Surplus Lines Insurance
Section 3-302 - Scope of Subtitle
Section 3-303 - Placement of Insurance With Alien Insurer
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 3-308 - 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 3-314 - 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 3-324 - 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