2013 Maryland Code
INSURANCE
§ 20-506 - Reserves for payment of claims


MD Ins Code § 20-506 (2013) What's This?

§20-506.

(a) The Executive Director shall:

(1) establish and maintain reasonable and adequate reserves for payment of claims against the Fund; and

(2) use the same criteria as is required for use by an Association member in determining the amount of reserves that are necessary.

(b) At least annually, the Board of Trustees shall review the reasonableness and adequacy of reserves.

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