§ 9-302
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/md/insurance/9-302A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§9–302.
The purposes of this subtitle are:
(1)to provide a mechanism for the prompt payment of covered claims under certain policies and to avoid financial loss to residents of the State who are claimants or policyholders of an insolvent insurer; and
(2)to provide for the assessment of the cost of payments of covered claims and protection among insurers.