§ 3-326
111 words·~1 min read·
/md/insurance/3-326A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§3–326.
(a)A surplus lines broker may not:
(1)knowingly or negligently deliver a false binder or cover note; or
(2)fail to notify the insured promptly of any material change with respect to surplus lines insurance by delivery to the insured of a substitute binder or cover note as provided in § 3-321 of this subtitle.
(b)A violation of subsection
(a)of this section is a violation of this article.
(c)A person that violates subsection
(a)of this section is guilty of a misdemeanor and on conviction is subject to the penalty provided by § 1-301 of this article or to any greater applicable penalty provided by law.