Maryland Statutes
Subtitle 2 - Liquidation, Rehabilitation, Reorganization, and Conservation
Section 9-223 - Limitations on Insurer Pending Repayment to Guaranty Associations

Unless an insurer has repaid to all guaranty associations all payments of or on account of the contractual obligations of the insurer, including all expenses of and interest on the obligations, or unless a guaranty association has approved a plan of repayment by the insurer, an insurer subject to a delinquency proceeding may not:
        (1)    be released from the delinquency proceeding unless it is converted into a judicial proceeding to rehabilitate or liquidate;
        (2)    be allowed to solicit or accept new business;
        (3)    be allowed to request or accept the restoration of a suspended or revoked license or certificate of authority; or
        (4)    be returned, or have any of its assets returned, to the control of its stockholders or private management.

Structure Maryland Statutes

Maryland Statutes

Insurance

Title 9 - Impaired Entities

Subtitle 2 - Liquidation, Rehabilitation, Reorganization, and Conservation

Section 9-201 - Definitions

Section 9-202 - Uniform Insurers Liquidation Act

Section 9-203 - Scope of Subtitle

Section 9-204 - Exclusiveness of Remedy

Section 9-205 - Immunity From Liability

Section 9-206 - Fees and Costs

Section 9-207 - Appointment of Staff

Section 9-208 - Persons Subject to Delinquency Proceedings

Section 9-209 - Jurisdiction and Venue

Section 9-210 - Commencement of Delinquency Proceedings

Section 9-211 - Grounds for Conservation, Rehabilitation, or Liquidation of Insurers

Section 9-212 - Orders to Rehabilitate, Liquidate, or Conserve Insurers

Section 9-213 - Appointed Receivers

Section 9-214 - Notice to Policyholders of Delinquency Proceeding

Section 9-215 - Seizure Orders; Injunctions

Section 9-216 - Appeals to Court of Special Appeals

Section 9-217 - Loans and Pledges of Assets

Section 9-218 - Administration of Assets of Domestic or Alien Insurers

Section 9-219 - Administration of Assets of Insurers Not Domiciled in State

Section 9-220 - Attachment or Garnishment of Assets

Section 9-221 - Voidable Transfers

Section 9-222 - Deposits

Section 9-223 - Limitations on Insurer Pending Repayment to Guaranty Associations

Section 9-224 - Disbursements of Assets to Guaranty Associations

Section 9-225 - Assessment of Members or Subscribers of Mutual or Reciprocal Insurers

Section 9-226 - Procedures for Filing Claims

Section 9-227 - Priority of Claims

Section 9-228 - Disposition of Claims

Section 9-229 - Offsets

Section 9-229.1 - Netting Agreements and Financial Contracts

Section 9-230 - Cooperation With Commissioner Required; Penalties

Section 9-231 - Notice of Impairment Required; Contributing to Impairment Prohibited; Penalties

Section 9-232 - Receipt of Premium After Insolvency