§ 3-304
124 words·~1 min read·
/md/insurance/3-304A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§3–304.
The Commissioner may adopt reasonable regulations consistent with this subtitle to:
(1)carry out this subtitle;
(2)establish procedures for determining the eligibility of particular proposed coverages for placement with surplus lines insurers and maintain a list of the identified coverages;
(3)allow an exempt commercial purchaser to waive the diligent search requirement under § 3–306 of this subtitle for the procurement of a surplus lines insurance policy;
(4)provide for the content and use of the written disclosure required under § 3–308 of this subtitle; and
(5)provide for the periodic review, no less than annually, of information from surplus lines brokers, agents, and insurers and from other sources concerning the availability and affordability of insurance from authorized insurers in the State.