§ 8-211
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/md/insurance/8-211A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§8–211.
(a)The acts of a managing general agent are deemed to be the acts of the insurer for whom the managing general agent is acting.
(b)If a managing general agent becomes insolvent, the obligations of the managing general agent with respect to policyholders of an insurer shall be assumed by that insurer.