(a) There is a Chesapeake Employers’ Insurance Company.
(b) The Company shall be:
(1) a private, nonprofit, nonstock corporation organized under State law; and
(2) subject to the applicable provisions of the Corporations and Associations Article as a nonstock corporation.
(c) Before October 1, 2013, the Company shall:
(1) file articles of incorporation under the Corporations and Associations Article; and
(2) take all steps necessary to be a private, nonprofit, nonstock corporation organized under State law.
Structure Maryland Statutes
Title 24 - State Created Mutual Societies and Other Entities
Subtitle 3 - Chesapeake Employers' Insurance Company
Section 24-302 - Legislative Findings
Section 24-303 - Chesapeake Employers' Insurance Company
Section 24-304 - Certificate of Authority
Section 24-305 - Schedule of Premium Rates
Section 24-306 - Authorized Insurer
Section 24-308 - Policyholder Dividend
Section 24-309 - Legal Status of Company
Section 24-310 - Brokerage and Investment Management Services