§ 9-310. Recovery of claims from insurance guaranty corporation or equivalent
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 9-310
§ 9-310. Recovery of claims from insurance guaranty corporation or equivalent
(a)(1) A person with a claim against an insurer under a policy or surety bond that is also a covered claim against an insolvent insurer shall exhaust first the person's rights under the policy or surety bond.
(b)(1) Except as provided in paragraph (2) of this subsection, a person with a claim that may be recovered under more than one insurance guaranty corporation or its equivalent shall seek recovery first:
Credits
Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 512.
MD Code, Insurance, § 9-310, MD INSURANCE § 9-310
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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