Maryland Code, INSURANCE 25-107
Terms Used In Maryland Code, INSURANCE 25-107
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(b) (1) Each insurance producer acting on behalf of a risk retention group or purchasing group shall keep a complete and separate record of all policies procured from or on behalf of the risk retention group or purchasing group.
(2) The records required by paragraph (1) of this subsection shall be open to inspection by the Commissioner in accordance with § 2-206 of this article.
(3) The records required by paragraph (1) of this subsection shall include:
(i) the limits of liability;
(ii) the policy period;
(iii) the effective date of the policy;
(iv) the name of the insurer that issued the policy;
(v) the gross premium charged;
(vi) the name of the purchasing group that purchased the policy, if applicable; and
(vii) the amount of any return premiums.