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2021 Maryland Statutes
Insurance
Title 3 - Kinds of Insurers
Subtitle 2 - Reciprocal Insurers
Section 3-215 - Modification of Subscribers' Agreement or Power of Attorney
Universal Citation: MD. Insurance Code Ann. § 3-215 (2021)
(a) Modification of the terms of the subscribers' agreement or power of attorney of a domestic reciprocal insurer shall be made jointly by the attorney in fact of the reciprocal insurer and the subscribers' advisory committee.
(b) A modification described in subsection (a) of this section is not effective retroactively and does not apply to an insurance contract issued before the modification.
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