# Insurance (GIN)

## Title 16. Life Insurance and Annuities

### Subtitle 1. General Provisions

#### Section 16-116

(a) In this section, "public entity" means:

  (1) a political subdivision of the State;

  (2) a unit of the State or a local government; or

  (3) a nonprofit or nonstock corporation that:

    (i) receives 50% or more of its annual operating budget from the State or a local government; and

    (ii) is exempt from taxation under Sec. 501(c)(3) or (4) of the Internal Revenue Code.

(b) Public entities may pool together to purchase life insurance or to self-insure against life risks.

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Md. Code Ann., Ins. (as displayed at mgaleg.maryland.gov, October 16, 2026)