Volume 768, Page 3948 View pdf image |
![]() |
![]() |
![]() |
![]() |
|
3948 VETOES (C) THE ASSOCIATION MAY: (1) ESTABLISH A PROGRAM OF OPERATION, SUBJECT TO (2) ISSUE POLICIES OF INSURANCE; AND (3) CEDE REINSURANCE ON RISKS WRITTEN BY INSURERS IN (D) EACH MEMBER INSURER SHALL PARTICIPATE IN THE EXPENSES (E) (1) THE ASSOCIATION SHALL BE ADMINISTERED BY A BOARD OF (2) THE INITIAL BOARD OF GOVERNORS OF THE ASSOCIATION (3) ON OR AFTER JULY 1, 1987, SUCCEEDING BOARDS OF (F) BEFORE AUGUST 1, 1986, THE BOARD OF GOVERNORS SHALL (1) PROVIDE FOR ECONOMICAL, FAIR, AND NONDISCRIMINATORY ADMINISTRATION; (2) PROVIDE FOR THE PROMPT AND EFFICIENT PROVISION OF (3) CONTAIN OTHER MATTERS INCLUDING, BUT NOT LIMITED (I) PRELIMINARY ASSESSMENT OF ALL MEMBERS FOR (II) ESTABLISHMENT OF NECESSARY FACILITIES; (III) MANAGEMENT OF THE ASSOCIATION; (IV) ASSESSMENT OF MEMBER INSURERS TO DEFRAY (V) COMMISSION ARRANGEMENTS; (VI) REASONABLE AND OBJECTIVE UNDERWRITING STANDARDS;
|
![]() | |||
![]() | ||||
![]() |
Volume 768, Page 3948 View pdf image |
Tell Us What You Think About the Maryland State Archives Website!
|
An Archives of Maryland electronic publication.
For information contact
mdlegal@mdarchives.state.md.us.