BALTIMORE – The Maryland Insurance Administration today announced ten new insurance companies have been licensed to do business in the state of Maryland since December 2017. This brings the grand total to 40 new companies coming to Maryland to do insurance related business since 2015. The Insurance Administration also approved an application for five companies (already licensed to do business in Maryland) to sell additional insurance products.
“We continue to welcome new insurance companies to the Maryland marketplace and for those already doing business in Maryland we continue to encourage them to expand their product offerings to Maryland consumers,” said Maryland Insurance Commissioner Al Redmer, Jr. “Our goal is to provide Maryland citizens with choice when it comes to insurance matters. Our strategy is to be proactive in the area of economic development as it relates to this very important sector of our economy.”
The MIA granted Certificates of Authority to the following insurance companies:
These companies will market their products through brokers and independent agents.
Approved New Surplus Lines Applications:
About the Maryland Insurance AdministrationThe Maryland Insurance Administration is an independent State agency charged with regulating Maryland’s $28.5 billion insurance industry. For more information about the Insurance Administration, please visit www.insurance.maryland.gov or follow us on Facebook at www.facebook.com/MDInsuranceAdmin or Twitter at @MD_Insurance.
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