§ 9–302
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 9-302 (2026)
Title 9. Impaired Entities
Subtitle 3. Property and Casualty Insurance Guaranty Corporation
§ 9–302LinkCopy Citation
The purposes of this subtitle are:
(1)
to provide a mechanism for the prompt payment of covered claims under certain policies and to avoid financial loss to residents of the State who are claimants or policyholders of an insolvent insurer; and
(2)
to provide for the assessment of the cost of payments of covered claims and protection among insurers.