The controlling insurance producer shall keep records sufficient to:
(1) demonstrate that the controlling insurance producer’s dealings with its controlled insurer were fair and comply with Title 7 of this article; and
(2) disclose accurately the nature and details of the controlling insurance producer’s transactions with its controlled insurer, including any information that is necessary to support the charges or fees to the respective parties.
Structure Maryland Statutes
Title 8 - Entities That Act as Insurers
Subtitle 1 - Broker Controlled Business
Section 8-102 - Scope of Subtitle
Section 8-103 - Effect of Subtitle
Section 8-104 - Presumption of Control
Section 8-105 - Requirements for Placement of Business With Controlled Insurer
Section 8-106 - Placement or Acceptance of Business by Reinsurance Intermediary
Section 8-107 - Controlled Insurers