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§ 3-308. Endorsement of contract or confirmation

MD Ins Code § 3-308 (2019) (N/A)
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Each insurance contract or confirmation procured and delivered under this subtitle shall be:

(1)    endorsed or stamped conspicuously in boldface type on the first page of the insurance contract or confirmation as follows: “This insurance is issued by a nonadmitted insurer not under the jurisdiction of the Maryland Insurance Commissioner”; and

(2)    accompanied by a written disclosure, as prescribed by the Commissioner, that:

(i)    is written in clear, plain English;

(ii)    explains that the insurer does not possess a certificate of authority from the Commissioner to engage in the insurance business in the State; and

(iii)    includes any other information that the Commissioner requires.

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