Maryland Code, INSURANCE 20-201
Terms Used In Maryland Code, INSURANCE 20-201
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- including: means includes or including by way of illustration and not by way of limitation. See
- state: means :
(1) a state, possession, territory, or commonwealth of the United States; or
(2) the District of Columbia. See
(b) The Fund is independent of all State units.
(c) The Fund is a member of the Property and Casualty Insurance Guaranty Corporation.
(d) (1) Except as otherwise provided by law, the Fund is subject to the provisions of this article.
(2) Except as provided in paragraph (3) of this subsection, the Fund is not subject to any law, including § 6-106 of the State Government Article, that affects governmental units.
(3) The Fund is subject to:
(i) Title 4 of the General Provisions Article;
(ii) the Maryland Public Ethics Law;
(iii) Title 10, Subtitle 1 of the State Government Article with respect to regulations adopted under Subtitle 6 of this title;
(iv) Title 12 of the State Government Article; and
(v) Title 5, Subtitle 3 of the State Personnel and Pensions Article.
(4) Paragraph (2) of this subsection does not affect the exemption from property tax under § 7-210 of the Tax – Property Article.