Maryland Code, INSURANCE 8-311
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Maryland Code, INSURANCE 8-311
- Administrator: includes an executor and a personal representative. See
- Person: includes an individual, receiver, trustee, guardian, personal representative, fiduciary, representative of any kind, corporation, partnership, business trust, statutory trust, limited liability company, firm, association, or other nongovernmental entity. See
(a) A person may not act as an administrator without a written agreement between the administrator and the plan sponsor or insurer.
(b) An administrator shall retain the agreement required by this section as an official record of the administrator for the duration of the agreement and for 3 years after termination of the agreement.