§ 17-204. Policy issued to an association, trust or trustees of fund; benefit of association me...
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 17-204
§ 17-204. Policy issued to an association, trust or trustees of fund; benefit of association members
(a)(1) Subject to the requirements of this section, a policy may be issued to an association or to a trust or to the trustees of a fund established, created, or maintained for the benefit of members of one or more associations.
(b) The policy may insure members of the association or associations, employees of the association or associations, or employees of members, or one or more of the preceding or all of any class or classes of members or employees for the benefit of persons other than the employee's employer.
(c)(1) The premium for the policy shall be paid from funds contributed by the association or associations, or by employer members, or by both, or from funds contributed by the covered persons or from both the covered persons and the association, associations, or employer members.
Credits
Added by Acts 1999, c. 659, § 1, eff. Oct. 1, 1999.
Formerly Art. 48A, § 421.
MD Code, Insurance, § 17-204, MD INSURANCE § 17-204
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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