(a) Except as otherwise provided in this section, a certificate of authority authorizes an insurer to engage in one kind or a combination of kinds of insurance business.
(b) (1) Subject to paragraph (2) of this subsection, an insurer authorized to engage in the business of life insurance may also write annuity contracts but the insurer is not authorized to engage in any other kind of insurance business except health insurance.
(2) The Commissioner shall continue to authorize an insurer authorized to engage in the business of life insurance to engage in other kinds of insurance business, in addition to annuities and health insurance, if the insurer:
(i) was authorized to engage in one kind or a combination of kinds of insurance business in addition to life insurance, health insurance, and annuities immediately before December 31, 1963; and
(ii) is otherwise qualified to engage in that kind or combination of kinds of insurance business.
(c) A reciprocal insurer may not engage in the business of life insurance or health insurance except as supplementary coverage in policies of liability insurance.
Structure Maryland Statutes
Title 4 - General Requirements for Insurers
Subtitle 1 - Certificates of Authority
Section 4-101 - Certificate of Authority Required; Exceptions
Section 4-102 - Qualifications of Insurers
Section 4-103 - Capital and Surplus Requirements -- in General
Section 4-104 - Capital Stock Requirements
Section 4-104.1 - Capital Stock Requirements --Title Insurer
Section 4-105 - Surplus Assets or Funds Required
Section 4-105.1 - Surplus Requirements -- Title Insurers
Section 4-106 - Deposit of Securities
Section 4-107 - Service of Process
Section 4-108 - Applications for Initial Certificate of Authority
Section 4-109 - Issuance or Disapproval of Initial Certificate of Authority
Section 4-110 - Contents of Certificate of Authority
Section 4-111 - Scope of Certificate of Authority
Section 4-112 - Term and Renewal of Certificate of Authority
Section 4-113 - Denials, Refusals to Renew, Suspensions, and Revocations
Section 4-114 - Cease and Desist Orders
Section 4-115 - Home Office; Location of Accounting Records and Assets
Section 4-116 - Annual and Interim Statements; Audited Financial Report
Section 4-117 - Notice to Third Party Claimant of Payment to Attorney
Section 4-118 - Qualified Independent Certified Public Accountants