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2023 Maryland Statutes
Insurance
Title 9 - Impaired Entities
Subtitle 4 - Life and Health Insurance Guaranty Corporation Act
Section 9-402 - Purpose of Subtitle
Universal Citation:
MD Insurance Code § 9-402 (2023)
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on the American Association of Law Libraries Universal Citation Guide and is not
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Subject to certain limitations, the purpose of this subtitle is to protect persons specified in § 9–403(a) through (f) of this subtitle who are policy owners, contract owners, certificate holders, beneficiaries, enrollees, payees, and assignees of life, health, annuity, and supplemental policies, plans, or contracts specified in § 9–403(g) of this subtitle against failure in the performance of contractual obligations due to the impairment or insolvency of the member insurer that issued the policies, plans, or contracts.
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