Maryland Insurance Section 19-602

Article - Insurance

§ 19-602.

      (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 casualty insurance, property insurance, or health insurance or to self-insure against casualty, property, or health risks.



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