§ 20–506
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 20-506 (2026)
Title 20. Maryland Automobile Insurance Fund
Subtitle 5. Policies for Covered Vehicles
§ 20–506LinkCopy Citation
(a)
The Executive Director shall:
(1)
establish and maintain reasonable and adequate reserves for payment of claims against the Fund; and
(2)
use the same criteria as is required for use by an Association member in determining the amount of reserves that are necessary.
(b)
At least annually, the Board of Trustees shall review the reasonableness and adequacy of reserves.