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§ 2-114. Moneys considered general funds of State

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 2. Maryland Insurance Administration
Subtitle 1. Organization of Administration; General Powers and Duties of Commissioner (Refs & Annos)
MD Code, Insurance, § 2-114
§ 2-114. Moneys considered general funds of State
In general
(a) The following money shall be considered general funds of the State:
(1) except as provided under § 6-107 of this article, revenue received under Title 6, Subtitle 1 of this article;
(2) all revenue received under §§ 3-324, 4-209, 6-303, and 6-304 of this article; and
(3) all penalties imposed by the Commissioner, including the following penalties imposed under:
(i) §§ 4-113(d), 4-212, 10-126(c), 11-232, 14-140, 23-208, 23-506, 26-502, 27-305, and 27-408 of this article; and
(ii) § 19-730 of the Health-General Article.
Moneys not considered general funds of State
(b) The following money may not be considered general funds of the State and shall be deposited into the Insurance Regulation Fund established under Subtitle 5 of this title:
(1) all revenue received through the imposition and collection of the assessment fee under Subtitle 5 of this title;
(2) all revenue received through the imposition and collection of the fees set forth in § 2-112 of this subtitle;
(3) all revenue received through the imposition and collection of the fraud prevention fee under Title 6, Subtitle 2 of this article;
(4) all revenue received through the collection of examination expenses under § 2-208 of this title;
(5) except as provided under subsection (a) of this section, all other fees received through the imposition and collection of fees set forth in this article; and
(6) income from investments that the State Treasurer makes for the Insurance Regulation Fund.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 1996, c. 60, § 1, eff. Oct. 1, 1997; Acts 1997, c. 70, § 1, eff. Oct. 1, 1997; Acts 1997, c. 649, § 2, eff. Oct. 1, 1997; Acts 1998, c. 111, § 2, eff. June 1, 1998; Acts 1998, c. 112, § 2, eff. June 1, 1998; Acts 1998, c. 774, § 2, eff. July 1, 1999; Acts 2002, c. 317, § 2, eff. July 1, 2002.
Formerly Art. 48A, § 33A.
MD Code, Insurance, § 2-114, MD INSURANCE § 2-114
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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