§ 9–313
Statutes in effect as of October 1, 2026.
Md. Code Ann., Ins. § 9-313 (2026)
Title 9. Impaired Entities
Subtitle 3. Property and Casualty Insurance Guaranty Corporation
§ 9–313LinkCopy Citation
The rate and premium charged for a policy or surety bond to which this subtitle applies:
(1)
shall include an amount sufficient to recoup, over a reasonable length of time of not less than 3 years, the amount paid to the Corporation by the member insurer less any amount returned to the member insurer by the Corporation; and
(2)
may not be considered excessive because the rate and premium contain an amount reasonably calculated to recoup assessments paid by the member insurer.