§ 9-316. Termination as to kind of insurance or operation of Corporation
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 9-316
§ 9-316. Termination as to kind of insurance or operation of Corporation
(a) The Commissioner shall terminate by order the operation of the Corporation as to a kind of insurance covered by this subtitle for which the Commissioner has found after a hearing that there is in effect a statutory or voluntary plan:
(b)(1) By an order issued under subsection (a) of this section, the Commissioner shall authorize insurers to stop paying the Corporation as to the same kind of insurance for which the operation of the Corporation is terminated under the order.
(c)(1) If the Commissioner orders the termination of the operation of the Corporation as to all kinds of insurance within its scope, the Corporation as soon as possible after the termination shall:
Credits
Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 519.
MD Code, Insurance, § 9-316, MD INSURANCE § 9-316
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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