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§ 24-309. Company not department, unit, agency, or instrumentality of State

West's Annotated Code of MarylandInsuranceEffective: October 1, 2012

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 24. State Created Mutual Societies and Other Entities (Refs & Annos)
Subtitle 3. Chesapeake Employers' Insurance Company (Refs & Annos)
Effective: October 1, 2012
MD Code, Insurance, § 24-309
§ 24-309. Company not department, unit, agency, or instrumentality of State
Currentness
In general
(a) The Company is not and may not be deemed to be a department, unit, agency, or instrumentality of the State for any purpose.
Employees of Company not employees of State
(b) Employees of the Company are not:
(1) employees of the State; or
(2) members of the State Retirement and Pension System.
Debts, claims, obligations, and liabilities of Company
(c) All debts, claims, obligations, and liabilities of the Company, whenever incurred, shall be the debts, claims, obligations, and liabilities of the Company only and not of the State or the State's departments, units, agencies, instrumentalities, officers, or employees.
Money of Company not part of General Fund
(d)(1) Money of the Company is not part of the General Fund of the State.
(2) The State may not budget for or provide General Fund appropriations to the Company.
(3) The debts, claims, obligations, and liabilities of the Company are not a debt of the State or a pledge of the credit of the State.

Credits

Added by Acts 2012, c. 570, § 1, eff. Oct. 1, 2012.
MD Code, Insurance, § 24-309, MD INSURANCE § 24-309
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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