§ 3-308
105 words·~1 min read·
/md/insurance/3-308A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§3–308.
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.