Maryland § 8-503
Full text of Maryland Maryland Code § 8-503, with citation guidance and answers to common questions.
§ 8-503.
(a) This section does not apply to a lawyer admitted to the bar of the State while acting within the scope of the profession of the lawyer.
(b) (1) Except as otherwise provided in paragraph (2) of this subsection, before a person acts as a reinsurance manager or reinsurance broker in the State, the person:
(i) in the case of a person that maintains an office in the State:
1. must obtain a license under this subtitle; or
2. must qualify as an insurance producer under Title 10, Subtitle 1 of this article; or
(ii) in the case of a person that maintains an office in another state:
1. must obtain a license under this subtitle or under a law of another state that is substantially similar to this subtitle; or
2. must qualify as an insurance producer under Title 10, Subtitle 1 of this article or under a law of another state that is substantially similar to Title 10, Subtitle 1 of this article.
(2) Before a person acts as a reinsurance manager for a reinsurer domiciled in the State, the person must:
(i) obtain a license under this subtitle; or
(ii) qualify as an insurance producer under Title 10, Subtitle 1 of this article.
(3) This subsection applies to a person that maintains an office in the State either directly or as a member or employee of a firm or association or as an officer, director, or employee of a corporation that maintains an office in the State.
Frequently Asked Questions About Maryland § 8-503
What does Maryland Code § 8-503 cover?
Section 8-503 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 § 8-503?
A common citation format is "Maryland Code § 8-503" (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 § 8-503 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.