Maryland Insurance Section 24-210

      (a)      Notwithstanding any other provision of this subtitle, the Society may establish, own, or control a subsidiary for any business purpose.

      (b)      A subsidiary that is established, owned, or controlled by the Society is not subject to this subtitle.

      (c)      (1)      A subsidiary of the Society is not and may not be deemed a department, unit, agency, or instrumentality of the State for any purpose.

            (2)      The State may not be held in any way liable or responsible for any of the debts, claims, obligations, or liabilities of a subsidiary of the Society or the Society.

      (d)      Without the prior approval of the Board of Directors, including at least 80% of the physician members of the Board of Directors, the Society may not directly or indirectly capitalize, transfer moneys to, or purchase stock in an insurance subsidiary beyond the $3,250,000 used by the Society before December 31, 1989, to capitalize the insurance subsidiaries.