§ 2-114. Disposition of money

MD Ins Code § 2-114 (2019) (N/A)

Copy with citation

Copy as parenthetical citation

(a) The following money shall be considered general funds of the State:

(1) except as provided under § 6–107 of this article, revenue received under Title 6, Subtitle 1 of this article;

(2) all revenue received under §§ 3–324, 4–209, 6–303, and 6–304 of this article; and

(3) all penalties imposed by the Commissioner, including the following penalties imposed under:

(i) §§ 4–113(d), 4–212, 10–126(c), 11–232, 14–140, 23–208, 23–506, 26–502, 27–305, and 27–408 of this article; and

(ii) § 19–730 of the Health – General Article.

(b) The following money may not be considered general funds of the State and shall be deposited into the Insurance Regulation Fund established under Subtitle 5 of this title:

(1) all revenue received through the imposition and collection of the assessment fee under Subtitle 5 of this title;

(2) all revenue received through the imposition and collection of the fees set forth in § 2–112 of this subtitle;

(3) all revenue received through the imposition and collection of the fraud prevention fee under Title 6, Subtitle 2 of this article;

(4) all revenue received through the collection of examination expenses under § 2–208 of this title;

(5) except as provided under subsection (a) of this section, all other fees received through the imposition and collection of fees set forth in this article; and

(6) income from investments that the State Treasurer makes for the Insurance Regulation Fund.

Previous Section

§ 2-113. Payment of taxes or fees in immediately available funds

Next Section

§ 2-115. Adoption of regulations in emergency.