Home Table of Contents

§ 9-207. Appointment of special deputy commissioners and employment of counsel, clerks, and ass...

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, § 9-207
§ 9-207. Appointment of special deputy commissioners and employment of counsel, clerks, and assistants
Currentness
In general
(a)(1) In a delinquency proceeding in which the Commissioner has been appointed receiver, the Commissioner may:
(i) appoint one or more special deputy commissioners to act for the Commissioner; and
(ii) employ counsel, clerks, and assistants.
(2) Compensation of the special deputies, counsel, clerks, and assistants and all expenses of taking possession of the insurer and of conducting the delinquency proceeding:
(i) shall be set by the Commissioner, subject to approval by the court; and
(ii) shall be paid out of the assets or funds of the insurer.
(3) Within the limits of duties imposed on a special deputy concerning a delinquency proceeding, the special deputy:
(i) shall possess all powers given to the receiver; and
(ii) in the exercise of those powers, is subject to all the duties imposed on the receiver concerning the delinquency proceeding.
Special deputy commissioner entitled to representation
(b) In a civil proceeding filed against a special deputy commissioner appointed under this subtitle, the special deputy commissioner is entitled to representation by the Attorney General as specified in Title 12, Subtitle 3, Part II of the State Government Article.

Credits

Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, §§ 145, 164B.
MD Code, Insurance, § 9-207, MD INSURANCE § 9-207
Current through legislation effective through July 1, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document