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Session Laws, 1986
Volume 768, Page 734   View pdf image
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734                                            LAWS OF MARYLAND                                      Ch. 161

158A.

Claims by policyholders, beneficiaries, and insureds arising
from and within the coverage of and not in excess of the
applicable limits of insurance policies and insurance contracts
issued by the company, and liability claims against insureds
which claims are within the coverage of and not in excess of the
applicable limits of insurance policies and insurance contracts
issued by the company, and claims of the [Maryland] PROPERTY AND
CASUALTY Insurance Guaranty [Association] CORPORATION and the
Maryland Life and Health Insurance Guaranty Association and any
similar organization in another state shall have priority in a
liquidation proceeding over all other claims except those for
expenses of administration, wages covered by § 158 and taxes.

162A.

(a) Within 120 days of a final determination of insolvency
of a company by a court of competent jurisdiction of this State,
the Commissioner as receiver shall make application to the court
for approval of a proposal to disburse unsecured assets out of
the company's marshalled assets, from time to time as such assets
become available, to the [Maryland] PROPERTY AND CASUALTY
Insurance Guaranty [Association] CORPORATION and the Maryland
Life and Health Insurance Guaranty Association and to any similar
organization in another state. (The [Maryland] PROPERTY AND
CASUALTY Insurance Guaranty [Association] CORPORATION and the"
Maryland Life and Health Guaranty Association and any similar
organizations in other states shall hereinafter be referred to
collectively as the "associations.")

243.

(a) There is created the Maryland Automobile Insurance
Fund, hereinafter referred to as "the Fund." The Fund shall
consist of the revenues, premiums, and other receipts provided
for in this subtitle. The Fund shall be a member of the
[Maryland Insurance Guaranty Association] PROPERTY AND CASUALTY
INSURANCE GUARANTY ASSOCIATION CORPORATION.

243H.

(a) The following types of claims arising after January 1,
1973, may be made against the Fund under this section subject to
the provisions of this subtitle, and to the extent that the claim
is not covered by a policy of motor vehicle liability insurance:

(3) Claims for the death of or personal injury to a
qualified person or for damage to property in excess of $100.00
arising out of the ownership, maintenance or use of a motor
vehicle in the State and caused by an uninsured operator or owner
whose whereabouts are ascertainable for the purpose of serving
process; provided that

 

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Session Laws, 1986
Volume 768, Page 734   View pdf image
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