Section 11-230 - Prohibited policies; commissions authorized.
§ 11-230. Prohibited policies; commissions authorized.
(a) Prohibited policies.- An insurer or officer, insurance producer, or representative of an insurer may not knowingly issue or deliver or knowingly allow the issuance or delivery of a policy or endorsement, certificate, or addition to the policy, except in accordance with the filings that are in effect for the insurer as provided in this subtitle.
(b) Commissions authorized.- An insurer may pay or allow a commission to a licensed insurance producer of the insurer as compensation for procuring business.
[An. Code 1957, art. 48A, § 242; 1997, ch. 35, § 2; 2001, ch. 731, § 1.]