Maryland Insurance Section 7-606

Article - Insurance

§ 7-606.

      (a)      An insurer, a member of an insurance holding company system, or any other person may file with the Commissioner a disclaimer of affiliation with an authorized insurer that fully discloses:

            (1)      all material relationships and bases for affiliation between the person filing the disclaimer and the authorized insurer; and

            (2)      the basis for disclaiming the affiliation.

      (b)      After giving all parties in interest notice and an opportunity to be heard, the Commissioner may disallow a disclaimer based on specific findings of fact.

      (c)      An insurer is relieved of any duty to register or report under this subtitle that arises out of the insurer's relationship with the person filing the disclaimer:

            (1)      from the date the disclaimer is filed; and

            (2)      until the Commissioner disallows the disclaimer.



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