2013 Maryland Code
INSURANCE
§ 9-302 - Purposes of subtitle


MD Ins Code § 9-302 (2013) What's This?

§9-302.

The purposes of this subtitle are:

(1) to provide a mechanism for the prompt payment of covered claims under certain policies and to avoid financial loss to residents of the State who are claimants or policyholders of an insolvent insurer; and

(2) to provide for the assessment of the cost of payments of covered claims and protection among insurers.

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