Plain Text Law

§ 20–306

Statutes in effect as of October 1, 2026.

Md. Code Ann., Ins. § 20-306 (2026)
Title 20. Maryland Automobile Insurance Fund
Subtitle 3. Purpose and General Provisions

§ 20–306Copy Citation

(a)
In this section, “company action level RBC” has the meaning stated in § 4–301(n)(1) of this article.
(b)
The Fund shall calculate and report its RBC level in accordance with Title 4, Subtitle 3 of this article.
(c)
Beginning December 31, 2026, the Fund shall maintain total adjusted capital, as defined in § 4–301(r) of this article, in an amount that is greater than or equal to its company action level RBC.