The purposes of this subtitle are:
(1) to provide a mechanism for the prompt payment of covered claims under certain policies and to avoid financial loss to residents of the State who are claimants or policyholders of an insolvent insurer; and
(2) to provide for the assessment of the cost of payments of covered claims and protection among insurers.
Structure Maryland Statutes
Subtitle 3 - Property and Casualty Insurance Guaranty Corporation
Section 9-302 - Purposes of Subtitle
Section 9-303 - Scope of Subtitle
Section 9-304 - Corporation Established; Membership; Plan of Operation; Accounts; Status
Section 9-305 - Board of Directors
Section 9-306 - Powers and Duties of Corporation
Section 9-307 - Plan of Operation
Section 9-308 - Duties and Powers of Commissioner; Judicial Review
Section 9-309 - Effect of Payment of Claims by Corporation; Statements of Claims; Subrogation
Section 9-310 - Exhaustion of Rights; Priority and Nonduplication of Recovery
Section 9-310.1 - Obligations of Corporation to Cease
Section 9-311 - Examination and Regulation; Financial Report
Section 9-312 - Exemption From Payment of Fees and Taxes
Section 9-313 - Recoupment of Assessments Paid by Member Insurers
Section 9-314 - Immunity From Liability; Corporation Independent From State
Section 9-315 - Stay of Proceedings; Default Judgments
Section 9-316 - Termination of Corporation; Expiration of Subtitle