§ 5-801 “Trusteed assets” defined
§ 5-802 Scope of subtitle
§ 5-803 Deposit of trusteed assets
§ 5-804 Trust agreement
§ 5-805 Trusteed assets
§ 5-806 Withdrawal of assets
§ 5-807 Substitution of trustee
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Terms Used In Maryland Code > INSURANCE > Title 5 > Subtitle 8 - Trusteed Assets of Alien Insurers

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • 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
  • 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.