State Codes and Statutes
Statutes > Maryland > Insurance > Title-8 > Subtitle-2 > 8-211§ 8-211. Acts of managing general agent deemed acts of insurer; insolvency of managing general agent.
(a) Acts of managing general agent deemed acts of insurer.- The acts of a managing general agent are deemed to be the acts of the insurer for whom the managing general agent is acting.
(b) Insolvency of managing general agent.- If a managing general agent becomes insolvent, the obligations of the managing general agent with respect to policyholders of an insurer shall be assumed by that insurer.
[An. Code 1957, art. 48A, §§ 671, 672; 1995, ch. 36.]
