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§ 9-206. Fees and court costs

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, § 9-206
§ 9-206. Fees and court costs
In general
(a)(1) This subsection applies even if a paper or instrument:
(i) is not executed by the Commissioner or a deputy, employee, or attorney of record of the Commissioner; and
(ii) is not connected with the commencement of an action or proceeding by or against the Commissioner or with the subsequent conduct of the action or proceeding.
(2) Subject to subsection (b) of this section, the Commissioner may not be required to pay to a public officer in the State a fee for filing, recording, or issuing a transcript or certificate or for authenticating a paper or instrument that relates to the exercise by the Commissioner of a power or duty of the Commissioner under this subtitle.
Payment of costs out of assets of insurer
(b)(1) The Commissioner or deputy commissioner, when acting as receiver or ancillary receiver under this subtitle, shall pay all court costs out of the assets of the insurer before any distribution to creditors or termination of rehabilitation.
(2) In all cases, these costs and those specified in subsection (a) of this section shall:
(i) be charged in the accounts of the Commissioner to the court; or
(ii) be paid by the insurer as a condition of termination of the action or proceeding.

Credits

Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 154.
MD Code, Insurance, § 9-206, MD INSURANCE § 9-206
Current through legislation effective through June 1, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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