Md. Code Ann., Ins. § 8-211
Acts of managing general agent deemed acts of insurance
Effective Oct 1, 1997Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.State of Maryland
- (a) The acts of a managing general agent are deemed to be the acts of the insurer for whom the managing general agent is acting.
- (b) If a managing general agent becomes insolvent, the obligations of the managing general agent with respect to policyholders of an insurer shall be assumed by that insurer.
Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, §§ 671, 672.