§ 4-208. Contracts of unauthorized insurers not enforceable

MD Ins Code § 4-208 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(a)    This section does not apply to:

(1)    lawfully procured surplus lines insurance; or

(2)    insurance contracts that are independently procured through negotiations occurring entirely outside of the State and that are reported and on which the premium tax is paid under §§ 4-210 and 4-211 of this subtitle.

(b)    An unauthorized insurer may not enforce an insurance contract effective in the State and entered into by the unauthorized insurer.