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Subtitle 1 - Regulation of Entities Operating in Financially Hazardous Condition
Section 9-101 - Scope of Subtitle - The provisions of this subtitle that apply to authorized insurers...
Section 9-102 - Determination of Financially Hazardous Condition - (a) In determining whether the continued operation of an authorized...
Section 9-103 - Order of Commissioner - If the Commissioner determines that the continued operation of an...
Section 9-104 - Right to Hearing and Appeal - An authorized insurer aggrieved by an order of the Commissioner...
Subtitle 2 - Liquidation, Rehabilitation, Reorganization, and Conservation
Section 9-201 - Definitions - (a) In this subtitle the following words have the meanings...
Section 9-202 - Uniform Insurers Liquidation Act - (a) Sections 9-201(b), (d), (e), (f), (g), (j), (k), (l),...
Section 9-203 - Scope of Subtitle - (a) This subtitle applies to a person that: (1) has...
Section 9-204 - Exclusiveness of Remedy - A delinquency proceeding is the exclusive method of liquidating, rehabilitating,...
Section 9-205 - Immunity From Liability - The Commissioner, deputy commissioner, special deputy commissioner, or any person...
Section 9-206 - Fees and Costs - (a) (1) This subsection applies even if a paper or...
Section 9-207 - Appointment of Staff - (a) (1) In a delinquency proceeding in which the Commissioner...
Section 9-208 - Persons Subject to Delinquency Proceedings - A delinquency proceeding may be brought against: (1) an insurer...
Section 9-209 - Jurisdiction and Venue - (a) The Circuit Court of Baltimore City: (1) has exclusive...
Section 9-210 - Commencement of Delinquency Proceedings - (a) The Commissioner shall commence a delinquency proceeding against an...
Section 9-211 - Grounds for Conservation, Rehabilitation, or Liquidation of Insurers - (a) The Commissioner may apply to the court for an...
Section 9-212 - Orders to Rehabilitate, Liquidate, or Conserve Insurers - (a) (1) An order to rehabilitate a domestic insurer, or...
Section 9-213 - Appointed Receivers - (a) In this section, “appointed receiver” means a person, other...
Section 9-214 - Notice to Policyholders of Delinquency Proceeding - Within 15 days after appointment as receiver or conservator for...
Section 9-215 - Seizure Orders; Injunctions - (a) On application of the Commissioner at any time, the...
Section 9-216 - Appeals to Court of Special Appeals - An appeal may be taken to the Court of Special...
Section 9-217 - Loans and Pledges of Assets - (a) To facilitate the rehabilitation, liquidation, conservation, or dissolution of...
Section 9-218 - Administration of Assets of Domestic or Alien Insurers - (a) Whenever under this subtitle a receiver is to be...
Section 9-219 - Administration of Assets of Insurers Not Domiciled in State - (a) (1) Whenever under this subtitle an ancillary receiver is...
Section 9-220 - Attachment or Garnishment of Assets - (a) During pendency of a delinquency proceeding in this State...
Section 9-221 - Voidable Transfers - (a) A transfer of or lien on the property of...
Section 9-222 - Deposits - (a) (1) The Commissioner shall deposit money collected in a...
Section 9-223 - Limitations on Insurer Pending Repayment to Guaranty Associations - Unless an insurer has repaid to all guaranty associations all...
Section 9-224 - Disbursements of Assets to Guaranty Associations - (a) In this section, “association” means: (1) the Property and...
Section 9-225 - Assessment of Members or Subscribers of Mutual or Reciprocal Insurers - (a) Within 3 years after the date of the issuance...
Section 9-226 - Procedures for Filing Claims - (a) (1) If on issuance of an order of liquidation...
Section 9-227 - Priority of Claims - (a) In this section, “preferred claim” means a claim that...
Section 9-228 - Disposition of Claims - (a) (1) Subject to paragraph (2) of this subsection, contingent...
Section 9-229 - Offsets - (a) Except as provided in subsection (b) of this section,...
Section 9-229.1 - Netting Agreements and Financial Contracts - (a) (1) In this section the following words have the...
Section 9-230 - Cooperation With Commissioner Required; Penalties - (a) This section may not be construed to abridge otherwise...
Section 9-231 - Notice of Impairment Required; Contributing to Impairment Prohibited; Penalties - (a) In this section, “chief executive officer” means a person...
Section 9-232 - Receipt of Premium After Insolvency - A director or officer of an insurer, association, or fraternal...
Subtitle 3 - Property and Casualty Insurance Guaranty Corporation
Section 9-301 - Definitions - (a) In this subtitle the following words have the meanings...
Section 9-302 - Purposes of Subtitle - The purposes of this subtitle are: (1) to provide a...
Section 9-303 - Scope of Subtitle - This subtitle applies to all kinds of direct insurance, except:...
Section 9-304 - Corporation Established; Membership; Plan of Operation; Accounts; Status - (a) (1) There is a Property and Casualty Insurance Guaranty...
Section 9-305 - Board of Directors - (a) (1) The Board of Directors of the Corporation consists...
Section 9-306 - Powers and Duties of Corporation - (a) (1) Except as to surety bonds, the Corporation shall...
Section 9-307 - Plan of Operation - (a) (1) (i) The Corporation shall submit to the Commissioner...
Section 9-308 - Duties and Powers of Commissioner; Judicial Review - (a) The Commissioner: (1) shall notify the Corporation of the...
Section 9-309 - Effect of Payment of Claims by Corporation; Statements of Claims; Subrogation - (a) (1) A person recovering from the Corporation under this...
Section 9-310 - Exhaustion of Rights; Priority and Nonduplication of Recovery - (a) (1) A person with a claim against an insurer...
Section 9-310.1 - Obligations of Corporation to Cease - (a) Any obligation of the Corporation to defend an insured...
Section 9-311 - Examination and Regulation; Financial Report - (a) The Corporation is subject to examination and regulation by...
Section 9-312 - Exemption From Payment of Fees and Taxes - Except for taxes on real or personal property, the Corporation...
Section 9-313 - Recoupment of Assessments Paid by Member Insurers - The rate and premium charged for a policy or surety...
Section 9-314 - Immunity From Liability; Corporation Independent From State - (a) A member insurer, the Corporation or its agents or...
Section 9-315 - Stay of Proceedings; Default Judgments - (a) To allow proper defense by the Corporation of pending...
Section 9-316 - Termination of Corporation; Expiration of Subtitle - (a) The Commissioner shall terminate by order the operation of...
Subtitle 4 - Life and Health Insurance Guaranty Corporation Act
Section 9-401 - Definitions - (a) In this subtitle the following words have the meanings...
Section 9-402 - Purpose of Subtitle - Subject to certain limitations, the purpose of this subtitle is...
Section 9-403 - Scope of Subtitle - (a) This subtitle is intended to provide coverage to a...
Section 9-404 - Construction - (a) (1) This subtitle shall be liberally construed to carry...
Section 9-405 - Corporation Established; Membership; Plan of Operation; Accounts; Supervision by Commissioner; Status - (a) (1) There is a Life and Health Insurance Guaranty...
Section 9-406 - Board of Directors - (a) (1) The Board of Directors of the Corporation consists...
Section 9-407 - Powers and Duties of Corporation - (a) For a member insurer that is an impaired insurer,...
Section 9-407.1 - Assumption of Reinsurance Contracts - (a) At any time within 180 days after the date...
Section 9-408 - Additional Powers of Corporation - The Corporation may: (1) enter into contracts that are necessary...
Section 9-409 - Assessments - (a) Members of the Corporation are subject to assessment as...
Section 9-410 - Plan of Operation - (a) (1) (i) The Corporation shall submit to the Commissioner...
Section 9-411 - Duties and Powers of Commissioner; Judicial Review; Notice of Effect of Subtitle - (a) (1) The Commissioner: (i) shall notify the Board of...
Section 9-412 - Detection and Prevention of Insurer Impairments - (a) (1) The Commissioner and Board of Directors have the...
Section 9-413 - Special Deputy - The Corporation may recommend an individual to serve as a...
Section 9-414 - Miscellaneous Provisions - (a) This subtitle may not be construed to reduce the...
Section 9-415 - Examination and Regulation; Financial Report - (a) The Corporation is subject to examination and regulation by...
Section 9-416 - Exemption From Payment of Fees and Taxes - Except for taxes on real property, the Corporation is exempt...
Section 9-417 - Immunity From Liability - (a) A member insurer or its agents or employees, the...
Section 9-418 - Stay of Proceedings; Default Judgments - (a) To allow proper legal action by the Corporation on...
Section 9-419 - Short Title - This subtitle is the Life and Health Insurance Guaranty Corporation...