An insurance company that is a party to a mortgage loan participation agreement shall have the items listed in Regulation .01A and B of this chapter in its possession. The insurer may have the lending institution certify annually that the items listed in Regulation .01C, D, and E of this chapter are in force or have been paid.

Authority: Insurance Article, §§2-109 and 5-511(g), Annotated Code of Maryland

Effective date: February 11, 1941

Amended effective May 1, 1968

Regulation .01 amended effective November 6, 1995 (22:22 Md. R. 1657)

Regulation .02 adopted effective June 7, 1982 (9:11 Md. R. 1126)

Chapter recodified from COMAR 09.30.15 to COMAR 31.05.09 effective September 7, 1998 (25:18 Md. R. 1439)