WILLIAM DONALD SCHAEFER, Governor Ch. 765

with other provisions of law, self-insuring casualty [and
property], PROPERTY, OR HEALTH risks.

Article 48A - Insurance Code

(b) The "insurance business" does not include the pooling
together by public entities for the purpose of self-insuring
casualty [or property], PROPERTY, OR HEALTH risks.

482B.

(a)  (1) In this section the following words have the
meanings indicated.

(2)   "Athletic club" means a club organized and
operated exclusively for recreational purposes, that is exempt
from taxation under § 501(c)(7) of the Internal Revenue Code.

(3)   "Charitable organization" means an organization,
institution, association, society, or corporation that is exempt
from taxation under § 501(c)(3) of the Internal Revenue Code.

(4)   "Community association" means a nonprofit
association, corporation, or other organization comprised of
residents of a community, which is operated exclusively for the
promotion of social welfare and general neighborhood improvement
and enhancement.

(5)   "Homeowners' association" means a nonprofit
organization comprised of property owners in a subdivision or
group of subdivisions whose purpose is to represent the mutual
interest of the property owners regarding the construction,
protection, and maintenance of the commonly owned or used
property and improvements.

(6)  "Public entity" means any political subdivision
or unit of State or local government, including any nonprofit or
nonstock corporation that is exempt from taxation under §
501(c)(3) or (4) of the Internal Revenue Code and receives 50
percent or more of its annual operating budget from the State or
local government.

(b)  Public entities may pool together for the purpose of
purchasing casualty [or property], PROPERTY, OR HEALTH insurance
or self-insuring casualty [or property], PROPERTY, OR HEALTH
risks.

(c)  Athletic clubs, charitable organizations, community
associations, and homeowners' associations may pool together for
the purpose of purchasing casualty or property insurance.

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