There is a newer version of the Maryland Code
Maryland Insurance Section 16-116
§ 16-116.
  (a)   In this section, "public entity" means:
    (1)   a political subdivision of the State;
    (2)   a unit of the State or a local government; or
    (3)   a nonprofit or nonstock corporation that:
      (i)   receives 50% or more of its annual operating budget from the State or a local government; and
      (ii)   is exempt from taxation under § 501(c)(3) or (4) of the Internal Revenue Code.
  (b)   Public entities may pool together to purchase life insurance or to self-insure against life risks.
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