§ 9-402. Purpose of subtitle
West's Annotated Code of MarylandInsuranceEffective: October 1, 2020
Effective: October 1, 2020
MD Code, Insurance, § 9-402
§ 9-402. Purpose of subtitle
Subject to certain limitations, the purpose of this subtitle is to protect persons specified in § 9-403(a) through (f) of this subtitle who are policy owners, contract owners, certificate holders, beneficiaries, enrollees, payees, and assignees of life, health, annuity, and supplemental policies, plans, or contracts specified in § 9-403(g) of this subtitle against failure in the performance of contractual obligations due to the impairment or insolvency of the member insurer that issued the policies, plans, or contracts.
Credits
Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997. Amended by Acts 2012, c. 633, § 1, eff. Oct. 1, 2012; Acts 2012, c. 634, § 1, eff. Oct. 1, 2012; Acts 2020, c. 73, § 1, eff. Oct. 1, 2020; Acts 2020, c. 74, § 1, eff. Oct. 1, 2020.
Formerly Art. 48A, § 521.
MD Code, Insurance, § 9-402, MD INSURANCE § 9-402
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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