Md. Code Ann., Bus. Occ. & Prof. § 17-527.1
Discontinuance of errors and omissions insurance
Effective Jan 1, 1999Added by Acts 1997, c. 389, § 1, eff. Oct. 1, 1997. Renumbered from Business Occupations and Professions § 17-529 and amended by Acts 1998, c. 628, § 1, eff. Jan. 1, 1999.State of Maryland
- (a) This section applies to a real estate broker who purchases errors and omissions insurance that provides coverage to the associate real estate brokers and the real estate salespersons who are affiliated with or employed by the real estate broker.
- (b) A real estate broker shall provide immediate notice of a discontinuance of the broker's errors and omissions insurance to those associate real estate brokers and real estate salespersons who were covered under the broker's policy.
Added by Acts 1997, c. 389, § 1, eff. Oct. 1, 1997. Renumbered from Business Occupations and Professions § 17-529 and amended by Acts 1998, c. 628, § 1, eff. Jan. 1, 1999.