1. (a) This section does not apply to:

   1. (1) lawfully procured surplus lines insurance; or
   2. (2) insurance contracts that are independently procured through negotiations occurring entirely outside of the State and that are reported and on which the premium tax is paid under §§ 4-210 and 4-211 of this subtitle.
2. (b) An unauthorized insurer may not enforce an insurance contract effective in the State and entered into by the unauthorized insurer.

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

Formerly Art. 48A, § 207.