Code of Maryland Regulations (Last Updated: April 6, 2021) |
Title 31. Maryland Insurance Administration |
Subtitle 04. INSURERS |
Chapter 31.04.12. Insurer Transactions With Unappointed Persons—General Business Practices |
Sec. 31.04.12.02. Frequency of Practice
Latest version.
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It shall be considered prima facie evidence of a general business practice of violating Insurance Article, §4-113(b)(11), Annotated Code of Maryland, if in any 12-month period it is found that the number of transactions violating Insurance Article, §4-113(b)(11), by foreign insurers for policies issued to Maryland residents, or by domestic insurers for all policies written, equals or exceeds the following:
A. Five transactions with a single person who does not have an appointment from the insurer; or
B. One or more transactions with five or more people who do not have appointments from the insurer.