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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 5. REINSURANCE INTERMEDIARIES |
§ 8-505. Service of process
Latest version.
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(a) Appointment of Commissioner as attorney. --
(1) On the form that the Commissioner provides, each nonresident applicant for a license must appoint the Commissioner as attorney for service of process issued against the applicant in the State.
(2) The appointment:
(i) is irrevocable;
(ii) binds the applicant and any successor in interest; and
(iii) remains in effect as long as there is in force in the State a contract made by the applicant or an obligation arising from a contract made by the applicant.
(b) Resident agent for service. --
(1) Each nonresident applicant for a license shall provide the Commissioner with the name and address of a resident of the State on whom notice and orders of the Commissioner and process issued against the applicant may be served.
(2) (i) A nonresident licensee promptly shall notify the Commissioner of a change in its designated agent for service.
(ii) A change is not effective until acknowledged by the Commissioner.