Home Table of Contents

§ 9-203. Application of subtitle

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 9. Impaired Entities
Subtitle 2. Liquidation, Rehabilitation, Reorganization, and Conservation (Refs & Annos)
MD Code, Insurance, § 9-203
§ 9-203. Application of subtitle
Currentness
Persons in insurance business and subject to authority of Commissioner
(a) This subtitle applies to a person that:
(1) has done, purports to do, is doing, or is licensed to do an insurance business; and
(2) is subject to the insurance supervisory authority of, or to liquidation, rehabilitation, reorganization, or conservation by, the Commissioner or equivalent insurance supervisory official of another state.
Insurers and persons with intent of doing insurance business in State
(b) The provisions of this subtitle that apply to insurers also apply to:
(1) a corporation that operates a nonprofit health service plan under Title 14, Subtitle 1 of this article;
(2) an insurer that is doing or has done insurance business in the State and against whom claims arising from that insurance business may exist now or in the future;
(3) a person that purports to do insurance business in the State;
(4) an insurer that has an insured resident or located in the State;
(5) a person organized or in the process of organizing with intent to do insurance business in the State; and
(6) a person that does, or has done, any of the acts of an insurance business specified in § 4-205 of this article.

Credits

Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, §§ 132, 132A.
MD Code, Insurance, § 9-203, MD INSURANCE § 9-203
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.
End of Document