1. (1) endorsed or stamped conspicuously in boldface type on the first page of the insurance contract or confirmation as follows: “This insurance is issued by a nonadmitted insurer not under the jurisdiction of the Maryland Insurance Commissioner”; and

2. (2) accompanied by a written disclosure, as prescribed by the Commissioner, that:

   1. (i) is written in clear, plain English;
   2. (ii) explains that the insurer does not possess a certificate of authority from the Commissioner to engage in the insurance business in the State; and
   3. (iii) includes any other information that the Commissioner requires.

Each insurance contract or confirmation procured and delivered under this subtitle shall be:

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 1998, c. 751, § 1, eff. Oct. 1, 1998.

Formerly Art. 48A, § 186.