Section 3-207 - Scope of certificate of authority. - Maryland Statutes

§ 3-207. Scope of certificate of authority.
 

(a)  In general.- A certificate of authority authorizes a reciprocal insurer to engage in one kind or a combination of kinds of insurance business, except for life insurance and health insurance other than as supplementary coverage in policies of liability insurance. 

(b)  Reinsurance.- A certificate of authority authorizes a reciprocal insurer to purchase reinsurance and grant reinsurance as to any kind of insurance business in which the reciprocal insurer is authorized to engage. 
 

[An. Code 1957, art. 48A, § 279; 1997, ch. 35, § 2.]