Volume 794, Page 644 View pdf image |
Ch. 11 1996 LAWS OF MARYLAND (I) INSURANCE COMPANIES PROHIBITED AS MEMBERS OR OWNERS. UNLESS A RISK RETENTION GROUP IS COMPRISED ENTIRELY OF INSURANCE (J) PROHIBITED COVERAGE. A RISK RETENTION GROUP MAY NOT OFFER COVERAGE THAT IS PROHIBITED (K) VOLUNTARY DISSOLUTION OR DELINQUENCY PROCEEDINGS. IF THERE HAS BEEN A FINDING OF FINANCIAL IMPAIRMENT AFTER AN REVISOR'S NOTE: This section is new language derived without substantive In subsection (b)(1)(iii) of this section, the former reference to legal In subsection (c)(3) of this section, the former reference to each "calendar" Subsection (e)(2) of this section is revised to authorize the Commissioner to In subsection (h)(1) of this section, the former phrase "[i]n addition to any Defined terms: "Commissioner" § 1-101 "Hazardous financial condition" § 25-101 "Insurance" § 25-101 "Liability" § 25-101 "Person" § 1-101 "Plan of operation or feasibility study" § 25-101 "Policy" § 1-101 "Premium" § 1-101 "Risk retention group" § 25-101 "State" § 25-101 25-104. INSURANCE INSOLVENCY GUARANTY FUNDS. (A) JOINING OR RECEIVING BENEFITS FROM FUNDS PROHIBITED. - 644 -
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Volume 794, Page 644 View pdf image |
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