Maryland § 25-107
Full text of Maryland Maryland Code § 25-107, with citation guidance and answers to common questions.
§ 25-107.
(a) A person must obtain a license from the Commissioner before the person acts or offers to act as an insurance producer for a risk retention group or purchasing group that solicits members, sells insurance coverage, purchases coverage for its members that are located in the State, or otherwise does business in the State.
(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.
Frequently Asked Questions About Maryland § 25-107
What does Maryland Code § 25-107 cover?
Section 25-107 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 25-107?
A common citation format is "Maryland Code § 25-107" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 25-107 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.