(a) By regulation, the Commissioner may require a managing general agent to maintain a bond or other security in an amount set by the Commissioner to protect the insurer and policyholders or to maintain an errors and omissions policy issued by an authorized insurer, or both.
(b) A managing general agent is subject to examination under §§ 2-205 through 2-209 of this article.
Structure Maryland Statutes
Title 8 - Entities That Act as Insurers
Subtitle 2 - Managing General Agents
Section 8-202 - Certificate of Qualification Required
Section 8-202.1 - Applicant Qualifications
Section 8-203 - Applications for Certificate of Qualification
Section 8-204 - Issuance of Certificate of Qualification
Section 8-205 - Term and Renewal of Certificate of Qualification
Section 8-206 - Denials, Refusals to Renew, Suspensions, and Revocations; Penalties
Section 8-207 - Bond or Errors and Omissions Policy; Examination
Section 8-208 - Contract Between Managing General Agent and Insurer
Section 8-209 - Prohibited Activities of Managing General Agent
Section 8-210 - Duties of Insurer as to Managing General Agents
Section 8-212 - Confidentiality of Contracts
Section 8-213 - Submanaging General Agents to Comply With Subtitle