Md. Code, Ins. § 9-302

Current with changes from the 2024 Legislative Session

Section 9-302 - Purposes of subtitle

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.

Md. Code, IN § 9-302