§ 6-101
196 words·~1 min read·
/md/insurance/6-101A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§6–101.
(a)The following persons are subject to taxation under this subtitle:
(1)a person engaged as principal in the business of writing insurance contracts, surety contracts, guaranty contracts, or annuity contracts;
(2)a managed care organization authorized by Title 15, Subtitle 1 of the Health – General Article;
(3)a for–profit health maintenance organization authorized by Title 19, Subtitle 7 of the Health – General Article;
(4)an attorney in fact for a reciprocal insurer; and
(5)a credit indemnity company.
(b)The following persons are not subject to taxation under this subtitle:
(1)a nonprofit health service plan corporation that meets the requirements established under §§ 14–106 and 14–107 of this article;
(2)a fraternal benefit society;
(3)a surplus lines broker, who is subject to taxation in accordance with Title 3, Subtitle 3 of this article;
(4)an unauthorized insurer, who is subject to taxation in accordance with Title 4, Subtitle 2 of this article;
(5)a nonprofit health maintenance organization authorized by Title 19, Subtitle 7 of the Health – General Article that is exempt from taxation under § 501(c)(3) of the Internal Revenue Code; and
(6)the Maryland Automobile Insurance Fund.