Maryland Statutes
Title 3 - Kinds of Insurers
Subtitle 1 - Stock Insurers and Mutual Insurers

Section 3-101 - Scope of Subtitle - This subtitle applies to each stock insurer and each mutual...

Section 3-102 - Applicability of General Corporation Statutes and Insurance Article - (a) Except as otherwise specifically provided in this article, each...

Section 3-103 - Formation of Domestic Insurers - (a) A domestic insurer may be formed for insurance purposes...

Section 3-104 - Approval of Articles of Incorporation and Charter - (a) The articles of incorporation of each domestic insurer and...

Section 3-105 - Prerequisites to Solicitation by Prospective Mutual Insurer - (a) A person proposing to form a mutual insurer may...

Section 3-106 - Assets Required for Mutual Insurer -- in General - To qualify for a certificate of authority to engage in...

Section 3-107 - Assets Required for Mutual Insurer -- Engaging in Business on Assessable Basis - (a) A mutual insurer that proposes to or writes assessable...

Section 3-108 - Engaging in Additional Kinds of Insurance Business - After being authorized to engage in one kind of insurance...

Section 3-109 - Impairment of Required Surplus - (a) If the minimum surplus of a stock insurer required...

Section 3-110 - Contingent Liability of Members - (a) (1) Except as provided in § 3-113 of this...

Section 3-111 - Levy of Assessment - (a) The directors of a domestic mutual insurer shall assess...

Section 3-112 - Enforcement of Contingent Liability - (a) The determination by the domestic mutual insurer of the...

Section 3-113 - Issuance of Nonassessable Policies - (a) If a domestic mutual insurer has surplus funds at...

Section 3-114 - Participating Policies - (a) A domestic stock insurer or domestic mutual insurer may:...

Section 3-115 - Dividends - (a) The directors of a domestic mutual insurer periodically may...

Section 3-116 - Loans to Insurers - (a) (1) A director, officer, or member of a stock...

Section 3-117 - Loans to and Guarantees of Obligations of Directors and Officers - (a) (1) Except as provided in subsection (d) of this...

Section 3-118 - Agreements to Pay Expenses of Management - A domestic stock insurer or domestic mutual insurer may not...

Section 3-119 - Restrictions on Purchase and Sale of Equity Securities of Domestic Stock Insurers - (a) In this section, “equity security” means: (1) stock or...

Section 3-120 - Conversion of Stock Insurer to Mutual Insurer - (a) This section does not apply to mutualization under a...

Section 3-121 - Conversion of Mutual Insurer to Stock Insurer - (a) A domestic mutual insurer may become a stock insurer...

Section 3-121.1 - Mutual Insurer Reorganization as Stock Insurer; Establishment of Mutual Insurance Holding Company - (a) (1) In this section the following words have the...

Section 3-122 - Consolidations, Mergers, and Share Exchanges of Stock Insurers - (a) Except as otherwise provided in this section, the provisions...

Section 3-123 - Consolidations and Mergers of Mutual Insurers - (a) (1) One or more mutual insurers organized under the...

Section 3-123.1 - Mutual Insurers Forming a Business Combination - (a) Unless otherwise prohibited under this article and subject to...

Section 3-124 - Bulk Reinsurance -- Stock Insurers - (a) A domestic stock insurer may reinsure with another insurer...

Section 3-125 - Bulk Reinsurance -- Mutual Insurers - (a) After compliance with this section, a domestic mutual insurer...

Section 3-126 - Changes in Domicile of Insurers - (a) (1) A foreign insurer authorized to engage in the...

Section 3-127 - Sale of Securities - (a) (1) In this section the following words have the...

Section 3-128 - Solicitations in Other States - (a) In this section, “reciprocating state” means a state under...