§ 3-201 “Subscriber” defined
§ 3-202 Scope of subtitle
§ 3-203 Qualifications of reciprocal insurers
§ 3-204 Organization and application for certificate of authority
§ 3-205 Bond of attorney in fact
§ 3-206 Issuance of certificate of authority
§ 3-207 Scope of certificate of authority
§ 3-208 Denials, suspensions, and revocations
§ 3-209 Business name; authority to sue
§ 3-210 Annual statement
§ 3-211 Financial condition of reciprocal insurer
§ 3-212 Attorney in fact; power of attorney
§ 3-213 Subscribers
§ 3-214 Subscribers’ advisory committee
§ 3-215 Modification of subscribers’ agreement or power of attorney
§ 3-216 Liability of subscribers
§ 3-217 Assessments
§ 3-218 Extinguishing subscribers’ liability and issuance of nonassessable policies
§ 3-219 Savings
§ 3-220 Advances of money
§ 3-221 Mergers and conversions
§ 3-222 Impaired reciprocal insurers

Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Maryland Code > INSURANCE > Title 3 > Subtitle 2 - Reciprocal Insurers

  • Affidavit: A written statement of facts confirmed by the oath of the party making it, before a notary or officer having authority to administer oaths.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • including: means includes or including by way of illustration and not by way of limitation. See
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Oath: A promise to tell the truth.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • 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
  • Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Service of process: The service of writs or summonses to the appropriate party.
  • state: means :

    (1) a state, possession, territory, or commonwealth of the United States; or

    (2) the District of Columbia. See
  • Trustee: A person or institution holding and administering property in trust.