§ 4-208. Contracts of unauthorized insurers not enforceable

Latest version.

   (a) Scope of section. -- This section does not apply to:

   (1) lawfully procured surplus lines insurance; or

   (2) insurance contracts that are independently procured through negotiations occurring entirely outside of the State and that are reported and on which the premium tax is paid under § 4-210 and 4-211 of this subtitle.

(b) In general. -- An unauthorized insurer may not enforce an insurance contract effective in the State and entered into by the unauthorized insurer.

HISTORY: An. Code 1957, art. 48A, § 207; 1995, ch. 36.

                    
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