§ 19–602
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 19-602 (2026)
Title 19. Property and Casualty Insurance
Subtitle 6. Insurance Pools
§ 19–602LinkCopy Citation
(a)
In this section, “public entity” means:
(1)
a political subdivision of the State;
(2)
a unit of the State or a local government;
(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 § 501(c)(3) or (4) of the Internal Revenue Code; or
(4)
a Resilience Authority as defined in § 22–101 of the Local Government Article.
(b)
Public entities may pool together to purchase casualty insurance, property insurance, or health insurance or to self–insure against casualty, property, or health risks.