(a) Each policyholder is subject to assessment as provided in §§ 3-110, 3-111, and 3-112 of this article.
(b) Notwithstanding subsection (a) of this section, if the Society meets all applicable requirements of this article about the sale of nonassessable policies, including the requirements of §§ 4-104, 4-105, and 4-106 of this article, the Society may issue nonassessable policies subject to:
(1) § 3-113 of this article;
(2) all other applicable provisions of this article; and
(3) the Corporations and Associations Article.
Structure Maryland Statutes
Title 24 - State Created Mutual Societies and Other Entities
Subtitle 2 - Medical Mutual Liability Insurance Society of Maryland
Section 24-202 - Legislative Policy
Section 24-203 - Medical Mutual Liability Insurance Society of Maryland
Section 24-204 - Board of Directors
Section 24-205 - Administration of Society by Licensed Insurer
Section 24-206 - Scope of Certificate of Authority
Section 24-207 - Assessments; Nonassessable Policies
Section 24-208 - Membership Fees
Section 24-209 - Policy Terms and Conditions of Coverage
Section 24-211 - Financial Reporting and Analysis
Section 24-212 - Excess Surplus; Rate Reduction