§ 24-303
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/md/insurance/24-303A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§24–303.
(a)There is a Chesapeake Employers’ Insurance Company.
(b)The Company shall be:
(1)a private, nonprofit, nonstock corporation organized under State law; and
(2)subject to the applicable provisions of the Corporations and Associations Article as a nonstock corporation.
(c)Before October 1, 2013, the Company shall:
(1)file articles of incorporation under the Corporations and Associations Article; and
(2)take all steps necessary to be a private, nonprofit, nonstock corporation organized under State law.