(a) The directors of the Society may establish membership fees in amounts they consider reasonable, to be paid by the members of the Society.
(b) Each physician who paid the special one-time tax imposed by former Article 48A, § 552(b) of the Code shall be credited with the amount of the tax paid against the liability of the physician for the membership fee.
(c) On payment of the membership fee, a physician or other health care provider may be insured by the Society for any and all hazards customarily insured by the Society, subject to any coverage limitations specified by the Society in accordance with policy limitations, exclusions, conditions, deductibles, and loss-sharing requirements.
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