A surplus lines broker may not place with an unauthorized insurer any risk, whether individual or group, including any fictitious fleet or fictitious group, which is not eligible for placement with authorized insurers under the provisions of the Insurance Article, Annotated Code of Maryland.
Md. Code Regs. 31.03.06.08
Regulations .08 adopted effective June 1, 1983 (10:9 Md. R. 790)