§ 20-301. Purpose, contents, and use of Fund
West's Annotated Code of MarylandInsuranceEffective: July 1, 2018
Effective: July 1, 2018
MD Code, Insurance, § 20-301
§ 20-301. Purpose, contents, and use of Fund
(a) The purpose of the Fund is to provide the financial security required under § 17-103 of the Transportation Article to those eligible persons that are unable to obtain it from an Association member.
(b) Money of the Fund consists of revenues, premiums, and other receipts provided by law.
(c)(1) All operating expenses of the Fund shall be paid from the money collected by or for the Fund.
Credits
Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997. Amended by Acts 2018, c. 195, § 1, eff. July 1, 2018; Acts 2018, c. 196, § 1, eff. July 1, 2018.
Formerly Art. 48A, §§ 243, 243A, 243B.
MD Code, Insurance, § 20-301, MD INSURANCE § 20-301
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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