§ 9-307. Plan of operation
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 9-307
§ 9-307. Plan of operation
(a)(1)(i) The Corporation shall submit to the Commissioner a plan of operation and any amendments to it necessary or suitable to ensure the fair, reasonable, and equitable administration of the Corporation.
(b) Each member insurer shall comply with the plan of operation.
(c) The plan of operation shall:
(d)(1) Notice of a claim to the receiver or liquidator of an insolvent insurer shall be deemed notice to the Corporation or its agent.
(e)(1) The plan of operation may provide that any or all of the powers and duties of the Corporation, except those under § 9-306(d) and (f)(2) of this subtitle, may be delegated to a person that performs or will perform functions similar to those of the Corporation or its equivalent.
Credits
Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 509.
MD Code, Insurance, § 9-307, MD INSURANCE § 9-307
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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