{"data":{"id":"us-md/md.-code-insurance-8-201","jurisdiction":"us-md","citation":"Md. Code, Insurance § 8–201","heading":"","body":"(a) In this subtitle the following words have the meanings indicated.\n(b) “Certificate of qualification” means a certificate of qualification issued by the Commissioner to act as a managing general agent.\n(c) (1) “Managing general agent” means a person:\n(i) that:\n1. manages all or part of the insurance business of an insurer, including the management of a separate division, department, office, or subsidiary of the insurer; and\n2. with or without authority, separately or with affiliates, directly or indirectly produces or underwrites gross direct written premiums at least equal to 5% of the insurer’s policyholder surplus for any quarter or year, as reported in the insurer’s most recently filed quarterly report or annual statement; and\n(ii) that:\n1. negotiates or binds ceding reinsurance contracts for the insurer;\n2. adjusts or pays claims of more than $500; or\n3. maintains loss reserves from which claims may be paid.\n(2) “Managing general agent” does not include:\n(i) an employee of the insurer;\n(ii) a United States manager of the United States branch of an alien insurer;\n(iii) an attorney in fact authorized by and acting for the subscribers of a reciprocal insurer under a power of attorney;\n(iv) an authorized insurance producer acting for a surety insurer that engages exclusively in the business of issuing bail bonds; or\n(v) an underwriting manager that, by contract:\n1. manages all the insurance operations of the insurer;\n2. is under common control with the insurer and is subject to Title 7, Subtitle 6 of this article; and\n3. is not compensated based on the volume of premiums written.\n(d) “Underwrite” means to accept or reject risks for an insurer.","path":["Article - Insurance"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin\u0026section=8-201","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:28Z","sha256":"e74b64c7c1759b7b97994784ab4e0a622825ff236681e69374c152cb2a28ad98","source_id":"us-md","stale":false,"prev":"us-md/md.-code-insurance-8-109","next":"us-md/md.-code-insurance-8-202"},"notice":"GroundRules: Original legal text. Not legal advice."}