Maryland Insurance Section 3-308

Article - Insurance

§ 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.



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