Ch. 353

LAWS OF MARYLAND

(2)  A county board that INDIVIDUALLY elects to
self-insure INDIVIDUALLY under this subsection periodically shall
file with the State Insurance Commissioner, in writing, the terms
and conditions of the self-insurance.

(3)  The terms and conditions of this INDIVIDUAL
self-insurance:

(i) Are subject to the approval of the State
Insurance Commissioner; and

(ii) Shall conform with the terms and
conditions of comprehensive liability insurance policies
available in the private market.

(d) (1) A county board may raise the defense of sovereign
immunity to any amount claimed above the limit of its insurance
policy or, if self-insured OR A MEMBER OF A POOL DESCRIBED IN
SUBSECTION (C) (1) (II) OF THIS SECTION, above $100,000.

(2) A county board may not raise the defense of
sovereign immunity to any claim of $100,000 or less.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1988.

Approved May 17, 1988.

CHAPTER 353

(Senate Bill 824)

AN ACT concerning

Maryland Consumer Cooperative Act

FOR the purpose of providing that a consumer cooperative with
more than a certain number of voting members may, under
certain circumstances, consolidate, merge, transfer assets,
dissolve, or divide as provided in Title 3 of the Maryland
General Corporation Law, under certain circumstances with
the approval of a certain number of the members voting; and
generally relating to the Maryland Consumer Cooperative Act.

BY repealing and reenacting, with amendments,

Article - Corporations and Associations
Section 5-5A-24(a)
Annotated Code of Maryland

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