§ 15-1215. Election of carrier to become risk-assuming or reinsuring carrier
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 15-1215
§ 15-1215. Election of carrier to become risk-assuming or reinsuring carrier
(a)(1) Each carrier shall elect to become either a risk-assuming carrier or reinsuring carrier.
(b)(1) The initial election under this section is binding for 3 years.
(c)(1) The Commissioner may allow a carrier to change its election at any time for good cause shown.
Credits
Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997.
Formerly Art. 48A, § 706.
MD Code, Insurance, § 15-1215, MD INSURANCE § 15-1215
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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