{"data":{"id":"us-md/md.-code-insurance-8-519","jurisdiction":"us-md","citation":"Md. Code, Insurance § 8–519","heading":"","body":"(a) An authorized insurer shall obtain annually a copy of statements of the financial condition of each reinsurance broker that transacts business with the authorized insurer.\n(b) An authorized insurer may not:\n(1) engage the services of a person to act as a reinsurance broker on its behalf unless the person has complied with this subtitle; or\n(2) employ an individual who also is employed by a reinsurance broker that transacts business with the authorized insurer, unless the reinsurance broker is under common control with the authorized insurer and is subject to Title 7 of this article.\n(c) An authorized insurer that violates any provision of this subtitle is subject to the disciplinary and penalty provisions of §§ 4-113 and 4-114 of this article.","path":["Article - Insurance"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin\u0026section=8-519","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:28Z","sha256":"b228f7367801ca1b3240deaf9ce6e1402e1bcef1c125752b1ee14d199ae6b532","source_id":"us-md","stale":false,"prev":"us-md/md.-code-insurance-8-518","next":"us-md/md.-code-insurance-8-520"},"notice":"GroundRules: Original legal text. Not legal advice."}