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§ 24-203. Medical Mutual Liability Insurance Society of Maryland

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 24. State Created Mutual Societies and Other Entities (Refs & Annos)
Subtitle 2. Medical Mutual Liability Insurance Society of Maryland (Refs & Annos)
MD Code, Insurance, § 24-203
§ 24-203. Medical Mutual Liability Insurance Society of Maryland
In general
(a)(1) There is a Medical Mutual Liability Insurance Society of Maryland.
(2) The Society is a nonstock corporation.
Powers, privileges, and immunities of Society
(b) Except as otherwise provided in this subtitle, the Society has the powers, privileges, and immunities granted by and is subject to the provisions imposed on mutual insurers by this article and by the applicable provisions of the Corporations and Associations Article.
Society a member of Joint Insurance Association and Property and Casualty Insurance Guaranty Corporation
(c) The Society is a member of the Joint Insurance Association and the Property and Casualty Insurance Guaranty Corporation.
Society not department, unit, agency, or instrumentality of State
(d)(1) The Society is not and may not be deemed a department, unit, agency, or instrumentality of the State for any purpose.
(2) All debts, claims, obligations, and liabilities of the Society, whenever incurred, shall be the debts, claims, obligations, and liabilities of the Society only and not of the State or the State's agencies, instrumentalities, officers, or employees.
Moneys of Society not part of General Fund
(e)(1) The money of the Society is not part of the General Fund of the State.
(2) The State may not budget for or provide General Fund appropriations to the Society.
(3) The debts, claims, obligations, and liabilities of the Society are not a debt of the State or a pledge of the credit of the State.

Credits

Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 550.
MD Code, Insurance, § 24-203, MD INSURANCE § 24-203
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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