# Insurance (GIN)

## Title 9. Impaired Entities

### Subtitle 3. Property and Casualty Insurance Guaranty Corporation

#### Section 9-302

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.

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