Section 3-308 - Endorsement of contract or confirmation. - Maryland Statutes

§ 3-308. Endorsement of contract or confirmation.
 

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. 
 

[An. Code 1957, art. 48A, § 186; 1995, ch. 36; 1998, ch. 751.]