WILLIAM DONALD SCHAEFER, Governor Ch. 408

defining certain terms and generally relating to the Medical Mutual Liability
Insurance Society of Maryland.

BY repealing and reenacting, with amendments,
Article 48A - Insurance Code
Section 550

Annotated Code of Maryland
(1986 Replacement Volume and 1989 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF

MARYLAND, That the Laws of Maryland read as follows:

Article 48A - Insurance Code

550.

(a) (1) A nonstock corporation is created, known as the "Medical Mutual
Liability Insurance Society of Maryland," hereinafter referred to as "the Society."
Except as otherwise provided in this subtitle, the [Corporation] SOCIETY has all the
power, privileges, and immunities granted by and is subject to all the provisions
imposed upon mutual insurers under the provisions of this article and the applicable
provisions of the Corporations and Associations Article.

(2) NOTWITHSTANDING ANY OTHER PROVISION OF THIS
SUBTITLE, A SUBSIDIARY OF THE SOCIETY. WHICH HAS RECEIVED AN
APPROVED CERTIFICATE OF AUTHORITY FROM THE DOMICILED STATE OF
THE SOCIETY, MAY ISSUE PROFESSIONAL LIABILITY INSURANCE
POLICIES, SUBJECT TO ARTICLE 48A, § 548 OF THE CODE, AND RELATED
PROPERTY AND CASUALTY INSURANCE POLICIES IN A STATE IN WHICH
IT MAY LAWFULLY ACT AS AN INSURER IF:

(I) THE STATE IS:

1. CONTIGUOUS WITH THE STATE OF MARYLAND;
OR

2. ALABAMA, GEORGIA DELAWARE, KENTUCKY,

NORTH CAROLINA, SOUTH CAROLINA, OR TENNESSEE; AND VIRGINIA,
OR WEST VIRGINIA;

(II) THE POLICIES ARE ISSUED TO:

1. PERSONS LAWFULLY ENGAGED IN THE PRACTICE
OF MEDICINE OR DENTISTRY;

2. HEALTH CARE PROVIDERS EMPLOYED AND

SUPERVISED BY PERSONS LAWFULLY ENGAGED IN THE PRACTICE OF
MEDICINE OR DENTISTRY;

3. MEDICAL OR DENTAL FACILITIES OPERATED

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