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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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INSURANCE |
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TITLE 8. ENTITIES THAT ACT AS INSURERS |
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SUBTITLE 3. THIRD PARTY ADMINISTRATORS |
§ 8-311. Agreement between administrator and plan sponsor or insurer
Latest version.
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(a) Required. -- A person may not act as an administrator without a written agreement between the administrator and the plan sponsor or insurer.
(b) Administrator to retain agreement. -- An administrator shall retain the agreement required by this section as an official record of the administrator for the duration of the agreement and for 3 years after termination of the agreement.