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§ 24-207. Nonassessable policies

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, § 24-207
§ 24-207. Nonassessable policies
Currentness
Policyholders subject to assessment
(a) Each policyholder is subject to assessment as provided in §§ 3-110, 3-111, and 3-112 of this article.
Issuance of nonassessable policies
(b) Notwithstanding subsection (a) of this section, if the Society meets all applicable requirements of this article about the sale of nonassessable policies, including the requirements of §§ 4-104, 4-105, and 4-106 of this article, the Society may issue nonassessable policies subject to:
(1) § 3-113 of this article;
(2) all other applicable provisions of this article; and
(3) the Corporations and Associations Article.

Credits

Added by Acts 1997, c. 57, § 4, eff. Dec. 31, 2000. Amended by Acts 2005, c. 25, § 1, eff. April 12, 2005.
Formerly Art. 48A, § 553.
MD Code, Insurance, § 24-207, MD INSURANCE § 24-207
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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