Section 8-207 - Bond or errors and omissions policy; examination. - Maryland Statutes

§ 8-207. Bond or errors and omissions policy; examination.
 

(a)  Bond or errors and omissions policy.- By regulation, the Commissioner may require a managing general agent to maintain a bond or other security in an amount set by the Commissioner to protect the insurer and policyholders or to maintain an errors and omissions policy issued by an authorized insurer, or both. 

(b)  Examination.- A managing general agent is subject to examination under §§ 2-205 through 2-209 of this article. 
 

[An. Code 1957, art. 48A, §§ 666, 671; 1995, ch. 36.]