§ 24-308. Declaration and approval of policyholder dividends
West's Annotated Code of MarylandInsuranceEffective: October 1, 2012
Effective: October 1, 2012
MD Code, Insurance, § 24-308
§ 24-308. Declaration and approval of policyholder dividends
(a) Subject to subsection (b) of this section, the Board may declare a policyholder dividend in the form of a cash refund or credit to:
(b)(1) The Board may not issue a policyholder dividend under subsection (a)(2) of this section unless the Commissioner has approved the policyholder dividend.
Credits
Added by Acts 2012, c. 570, § 1, eff. Oct. 1, 2012.
MD Code, Insurance, § 24-308, MD INSURANCE § 24-308
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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