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Maryland Code, Alcoholic Beverages § 32-401

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(a) Funds approved under this article shall purchase excess insurance by reason of any single accident or any single occurrence as provided in section 653 of the Insurance Company Law of 1921   1 and aggregate excess insurance.  The department may waive the requirement for either single accident (single occurrence) or aggregate excess insurance or the requirement for both single accident (single occurrence) and aggregate excess insurance.

(b) A policy of insurance by an insurance carrier may include provisions for aggregate excess insurance in addition to the single accident (single occurrence) excess insurance which is authorized under section 653 of the Insurance Company Law of 1921.

Cite this article: - Maryland Code, Alcoholic Beverages § 32-401 - last updated December 31, 2021 |

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