(a) The Corporation shall insure and guarantee the share and deposit accounts of each member on the same basis, and to the same extent and amount as provided by the National Credit Union Administration Share Insurance Program.
(b) The Corporation may make contracts for reinsurance.
Structure Maryland Statutes
Title 7 - Credit Union Share Insurance
Subtitle 1 - Credit Union Insurance Corporation
Part II - Establishment; Powers; Membership
Section 7-102 - Corporation Established
Section 7-103 - Purposes of Corporation
Section 7-104 - General Powers and Duties
Section 7-105 - Insurance of Share and Deposit Accounts
Section 7-106 - Membership -- Applications
Section 7-107 - Membership -- Qualifications; Term; Termination; Duties
Section 7-108 - Membership -- Voting by Members
Section 7-109 - Board of Directors
Section 7-110 - Officers and Staff
Section 7-111 - Bylaws, Rules, and Regulations
Section 7-112 - Independent Audits of Members
Section 7-113 - Cooperation and Exchange of Information
Section 7-114 - Earnings to Be Accumulated
Section 7-115 - Application of State Insurance Laws