(a) The Company is not and may not be deemed to be a department, unit, agency, or instrumentality of the State for any purpose.
(b) Employees of the Company are not:
(1) employees of the State; or
(2) members of the State Retirement and Pension System.
(c) All debts, claims, obligations, and liabilities of the Company, whenever incurred, shall be the debts, claims, obligations, and liabilities of the Company only and not of the State or the State’s departments, units, agencies, instrumentalities, officers, or employees.
(d) (1) Money of the Company is not part of the General Fund of the State.
(2) The State may not budget for or provide General Fund appropriations to the Company.
(3) The debts, claims, obligations, and liabilities of the Company are not a debt of the State or a pledge of the credit of the State.
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