§ 3-215. Modification of subscribers' agreement or power of attorney

MD Ins Code § 3-215 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(a)    Modification of the terms of the subscribers' agreement or power of attorney of a domestic reciprocal insurer shall be made jointly by the attorney in fact of the reciprocal insurer and the subscribers' advisory committee.

(b)    A modification described in subsection (a) of this section is not effective retroactively and does not apply to an insurance contract issued before the modification.