§ 9-302

Maryland § 9-302

• Jurisdiction: Maryland
• Article gin: Insurance
• Title: 9

Text

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.