In those instances when the officers, directors, or principal management of a carrier have a substantial interest in either the conduct or operation of the agency or brokerage business, or when the officers, directors, or principal management of an agency or brokerage business have a substantial interest in the conduct or operation of the carrier, the agency or brokerage business shall maintain one or more premium accounts to be used exclusively for any premium collected from the carrier, which shall be separate from premium accounts for other carriers.

Authority: Insurance Article, §§2-109 and 10-126, Annotated Code of Maryland

Effective date: January 1, 1967

Amended effective May 1, 1968

Chapter recodified from COMAR 09.30.20 to COMAR 31.03.03 effective September 7, 1998 (25:18 Md. R. 1439)

Regulation .01 amended effective April 10, 2006 (33:7 Md. R. 675)

Regulation .02 amended effective April 10, 2006 (33:7 Md. R. 675)

Regulation .04 amended effective April 10, 2006 (33:7 Md. R. 675)

Regulation .05 repealed effective April 10, 2006 (33:7 Md. R. 675)

Chapter revised effective January 1, 2018 (44:20 Md. R. 947)