§ 19-602

Maryland § 19-602

• Jurisdiction: Maryland
• Article gin: Insurance
• Title: 19

Text

(a) In this section, “public entity” means:

(1) a political subdivision of the State;

(2) a unit of the State or a local government;

(3) a nonprofit or nonstock corporation that:

(i) receives 50% or more of its annual operating budget from the State or a local government; and

(ii) is exempt from taxation under § 501(c)(3) or (4) of the Internal Revenue Code; or

(4) a Resilience Authority as defined in § 22–101 of the Local Government Article.

(b) Public entities may pool together to purchase casualty insurance, property insurance, or health insurance or to self–insure against casualty, property, or health risks.