Volume 794, Page 244 View pdf image |
Ch. 11 1996 LAWS OF MARYLAND (2) TO THE EXTENT THAT PROPERTY OF AN INSURER IS SPECIFICALLY (3) ASSETS HELD IN TRUST AND ASSETS HELD ON DEPOSIT FOR THE REVISOR'S NOTE: This subsection is new language derived without substantive In item (1) of this subsection, the former reference to property "real, In item (3) of this subsection, the former reference to "all policyholders" is As to the effect of this subsection as part of the Uniform Insurers Liquidation Defined term: "Person" § 1-101 (H) IMPAIRED INSURER. "IMPAIRED INSURER" MEANS: (1) A STOCK INSURER WHOSE ASSETS, TOGETHER WITH TOTAL ISSUED (2) A MUTUAL INSURER, RECIPROCAL INSURER, OR NONPROFIT (3) AS DETERMINED BY THE COMMISSIONER, AN INSURER THAT DOES REVISOR'S NOTE: This subsection is new language derived without substantive The general reference to "impaired insurer" is substituted for the former - 244 -
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Volume 794, Page 244 View pdf image |
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