Section 4-208 - Contracts of unauthorized insurers not enforceable.
§ 4-208. Contracts of unauthorized insurers not enforceable.
(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.
[An. Code 1957, art. 48A, § 207; 1995, ch. 36.]