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§ 25-404. Nature of Association

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 25. Alternative Market Mechanisms
Subtitle 4. Maryland Property Insurance Availability Act (Refs & Annos)
MD Code, Insurance, § 25-404
§ 25-404. Nature of Association
Currentness
Association not department, unit, agency, or instrumentality of State
(a)(1) The Association is not and may not be deemed a department, unit, agency, or instrumentality of the State.
(2) All debts, claims, obligations, and liabilities incurred by the Association shall be the debts, claims, obligations, and liabilities of the Association only and not of the State or the State's agencies, instrumentalities, officers, or employees.
Moneys of Association
(b)(1) The money of the Association is not part of the General Fund of the State.
(2) The State may not budget for or provide General Fund appropriations to the Association.
(3) The debts, claims, obligations, and liabilities of the Association are not debts of the State or pledges of the credit of the State.
Records, reports, and communications not public documents
(c) The records, reports, and communications of the Association, the Governing Committee, the committees of the Association, and their representatives, agents, and employees are not public documents.

Credits

Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 478E.
MD Code, Insurance, § 25-404, MD INSURANCE § 25-404
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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