§ 9-302. Purposes of subtitle

MD Ins Code § 9-302 (2019) (N/A)
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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.