reglab/housing_qa huggingface dataset:
MD. Insurance Code Ann. §  8-610.1 (2021)
2021 Maryland Statutes|Insurance|Title 8 - Entities That Act as Insurers|Subtitle 6 - Viatical Settlement Providers and Viatical Settlement Brokers|Section 8-610.1 - Verification of Coverage for Life Insurance Policies

    (a)    An insurer shall respond to a request for verification of coverage submitted by a viatical settlement provider or a viatical settlement broker under this subtitle, including verification of whether the insurer intends, at the time of the request, to pursue an investigation regarding possible fraud affecting the validity of a policy, within 30 days after the request is received, if the following documents are submitted with the request:        (1)    an authorization signed by the viator; and        (2)    a “Verification of Coverage for Life Insurance Policies” form adopted by the Commissioner under subsection (d) of this section that has been completed by the viatical settlement provider or viatical settlement broker.    (b)    An insurer may not charge a fee for responding to a request for verification of coverage submitted by a viatical settlement provider or a viatical settlement broker that exceeds $50.    (c)    (1)    An insurer may send an acknowledgment of receipt of a request for verification of coverage to the viator and, if the viator is other than the insured, to the insured.        (2)    The acknowledgment may contain a general description of any accelerated death benefit that is available under the policy.    (d)    The Commissioner shall adopt by regulation a “Verification of Coverage for Life Insurance Policies” form.
MD. Insurance Code Ann. §  8-611 (2021)
2021 Maryland Statutes|Insurance|Title 8 - Entities That Act as Insurers|Subtitle 6 - Viatical Settlement Providers and Viatical Settlement Brokers|Section 8-611 - Statement Required in Contracts and Applications

    (a)    Viatical settlement contracts and applications for viatical settlement contracts shall contain the following statement or a substantially similar statement:    “Any person who knowingly presents false information in an application for insurance or an application for a viatical settlement contract has committed a fraudulent viatical settlement act and on conviction is subject to fines, imprisonment, or both, under § 27-408 of the Insurance Article of the Annotated Code of Maryland.”     (b)    The absence of a statement as required in subsection (a) of this section does not constitute a defense in any prosecution for a fraudulent viatical settlement act.
MD. Insurance Code Ann. §  9-101 (2021)
2021 Maryland Statutes|Insurance|Title 9 - Impaired Entities|Subtitle 1 - Regulation of Entities Operating in Financially Hazardous Condition|Section 9-101 - Scope of Subtitle

    The provisions of this subtitle that apply to authorized insurers also apply to nonprofit health service plans and health maintenance organizations.
MD. Insurance Code Ann. §  9-103 (2021)
2021 Maryland Statutes|Insurance|Title 9 - Impaired Entities|Subtitle 1 - Regulation of Entities Operating in Financially Hazardous Condition|Section 9-103 - Order of Commissioner

    If the Commissioner determines that the continued operation of an authorized insurer may be hazardous to policyholders or creditors of the authorized insurer or the general public, the Commissioner may issue an order that requires the authorized insurer to:        (1)    reduce the total amount of present and potential liability for benefits under policies through reinsurance;        (2)    reduce, suspend, or limit the volume of business being accepted or renewed;        (3)    reduce general insurance and commission expenses by specified methods;        (4)    increase capital and surplus;        (5)    suspend or limit the declaration and payment of dividends to policyholders or stockholders;        (6)    file reports in a form acceptable to the Commissioner about the market value of its assets;        (7)    limit or withdraw from certain investments or discontinue certain investment practices to the extent that the Commissioner considers necessary;        (8)    document the adequacy of premium rates in relation to risks insured;        (9)    file, in addition to regular annual statements, interim financial reports on the form adopted by the National Association of Insurance Commissioners or in another form required by the Commissioner;        (10)    correct corporate governance practice deficiencies and adopt and utilize governance practices acceptable to the Commissioner;        (11)    provide a business plan to the Commissioner in order to continue to transact business in the State; or        (12)    notwithstanding any other provision of law limiting the frequency or amount of premium rate adjustments, adjust rates for any nonlife insurance product written by the authorized insurer that the Commissioner considers necessary to improve the financial condition of the insurer.
MD. Insurance Code Ann. §  9-104 (2021)
2021 Maryland Statutes|Insurance|Title 9 - Impaired Entities|Subtitle 1 - Regulation of Entities Operating in Financially Hazardous Condition|Section 9-104 - Right to Hearing and Appeal

    An authorized insurer aggrieved by an order of the Commissioner under this subtitle has the right to a hearing and the right to appeal from the action of the Commissioner in accordance with §§ 2-210 through 2-215 of this article.
MD. Insurance Code Ann. §  9-202 (2021)
2021 Maryland Statutes|Insurance|Title 9 - Impaired Entities|Subtitle 2 - Liquidation, Rehabilitation, Reorganization, and Conservation|Section 9-202 - Uniform Insurers Liquidation Act

    (a)    Sections 9-201(b), (d), (e), (f), (g), (j), (k), (l), (m), and (n), 9-203, 9-207(a), 9-218, 9-219, 9-220, 9-226(f) and (g), and 9-227(a), (e), (f), (g), (h), and (i) of this subtitle are the “Uniform Insurers Liquidation Act”.    (b)    (1)    The Uniform Insurers Liquidation Act shall be interpreted and construed to effectuate its general purpose to make uniform the laws of those states that enact it.        (2)    To the extent that a provision of the Uniform Insurers Liquidation Act conflicts with other provisions of this subtitle, the provision of the Uniform Insurers Liquidation Act controls.
MD. Insurance Code Ann. §  9-203 (2021)
2021 Maryland Statutes|Insurance|Title 9 - Impaired Entities|Subtitle 2 - Liquidation, Rehabilitation, Reorganization, and Conservation|Section 9-203 - Scope of Subtitle

    (a)    This subtitle applies to a person that:        (1)    has done, purports to do, is doing, or is licensed to do an insurance business; and        (2)    is subject to the insurance supervisory authority of, or to liquidation, rehabilitation, reorganization, or conservation by, the Commissioner or equivalent insurance supervisory official of another state.    (b)    The provisions of this subtitle that apply to insurers also apply to:        (1)    a corporation that operates a nonprofit health service plan under Title 14, Subtitle 1 of this article;        (2)    an insurer that is doing or has done insurance business in the State and against whom claims arising from that insurance business may exist now or in the future;        (3)    a person that purports to do insurance business in the State;        (4)    an insurer that has an insured resident or located in the State;        (5)    a person organized or in the process of organizing with intent to do insurance business in the State; and        (6)    a person that does, or has done, any of the acts of an insurance business specified in § 4-205 of this article.
MD. Insurance Code Ann. §  9-204 (2021)
2021 Maryland Statutes|Insurance|Title 9 - Impaired Entities|Subtitle 2 - Liquidation, Rehabilitation, Reorganization, and Conservation|Section 9-204 - Exclusiveness of Remedy

    A delinquency proceeding is the exclusive method of liquidating, rehabilitating, reorganizing, or conserving an insurer.
MD. Insurance Code Ann. §  9-205 (2021)
2021 Maryland Statutes|Insurance|Title 9 - Impaired Entities|Subtitle 2 - Liquidation, Rehabilitation, Reorganization, and Conservation|Section 9-205 - Immunity From Liability

    The Commissioner, deputy commissioner, special deputy commissioner, or any person acting as receiver in a rehabilitation, liquidation, or conservation as a result of a court order issued on or after January 1, 1985, shall have the immunity from liability described in § 5-410 of the Courts Article.
MD. Insurance Code Ann. §  9-206 (2021)
2021 Maryland Statutes|Insurance|Title 9 - Impaired Entities|Subtitle 2 - Liquidation, Rehabilitation, Reorganization, and Conservation|Section 9-206 - Fees and Costs

    (a)    (1)    This subsection applies even if a paper or instrument:            (i)    is not executed by the Commissioner or a deputy, employee, or attorney of record of the Commissioner; and            (ii)    is not connected with the commencement of an action or proceeding by or against the Commissioner or with the subsequent conduct of the action or proceeding.        (2)    Subject to subsection (b) of this section, the Commissioner may not be required to pay to a public officer in the State a fee for filing, recording, or issuing a transcript or certificate or for authenticating a paper or instrument that relates to the exercise by the Commissioner of a power or duty of the Commissioner under this subtitle.    (b)    (1)    The Commissioner or deputy commissioner, when acting as receiver or ancillary receiver under this subtitle, shall pay all court costs out of the assets of the insurer before any distribution to creditors or termination of rehabilitation.        (2)    In all cases, these costs and those specified in subsection (a) of this section shall:            (i)    be charged in the accounts of the Commissioner to the court; or            (ii)    be paid by the insurer as a condition of termination of the action or proceeding.
MD. Insurance Code Ann. §  9-207 (2021)
2021 Maryland Statutes|Insurance|Title 9 - Impaired Entities|Subtitle 2 - Liquidation, Rehabilitation, Reorganization, and Conservation|Section 9-207 - Appointment of Staff

    (a)    (1)    In a delinquency proceeding in which the Commissioner has been appointed receiver, the Commissioner may:            (i)    appoint one or more special deputy commissioners to act for the Commissioner; and            (ii)    employ counsel, clerks, and assistants.        (2)    Compensation of the special deputies, counsel, clerks, and assistants and all expenses of taking possession of the insurer and of conducting the delinquency proceeding:            (i)    shall be set by the Commissioner, subject to approval by the court; and            (ii)    shall be paid out of the assets or funds of the insurer.        (3)    Within the limits of duties imposed on a special deputy concerning a delinquency proceeding, the special deputy:            (i)    shall possess all powers given to the receiver; and            (ii)    in the exercise of those powers, is subject to all the duties imposed on the receiver concerning the delinquency proceeding.    (b)    In a civil proceeding filed against a special deputy commissioner appointed under this subtitle, the special deputy commissioner is entitled to representation by the Attorney General as specified in Title 12, Subtitle 3, Part II of the State Government Article.
MD. Insurance Code Ann. §  9-208 (2021)
2021 Maryland Statutes|Insurance|Title 9 - Impaired Entities|Subtitle 2 - Liquidation, Rehabilitation, Reorganization, and Conservation|Section 9-208 - Persons Subject to Delinquency Proceedings

    A delinquency proceeding may be brought against:         (1)    an insurer that is doing or has done insurance business in the State and against whom claims arising from that insurance business may exist now or in the future;        (2)    a person that purports to do insurance business in the State;        (3)    an insurer that has insureds resident or located in the State;        (4)    a person organized, or in the process of organizing, with intent to do insurance business in the State;        (5)    a corporation that operates a nonprofit health service plan under Title 14, Subtitle 1 of this article; and        (6)    a person that does, or has done, any of the acts of an insurance business specified in § 4-205 of this article.
MD. Insurance Code Ann. §  9-209 (2021)
2021 Maryland Statutes|Insurance|Title 9 - Impaired Entities|Subtitle 2 - Liquidation, Rehabilitation, Reorganization, and Conservation|Section 9-209 - Jurisdiction and Venue

    (a)    The Circuit Court of Baltimore City:        (1)    has exclusive original jurisdiction over delinquency proceedings; and        (2)    may issue all necessary and proper orders to carry out this subtitle.    (b)    If service is made in accordance with the Maryland Rules or other applicable law, a court with subject matter jurisdiction over an action brought under this subtitle also has jurisdiction over:        (1)    a person, including an insurance producer and another person that has written policies, that has acted in any manner on behalf of an insurer against which a delinquency proceeding has been commenced, in an action resulting from or incidental to the person’s relationship with the insurer;        (2)    a reinsurer that at any time has entered into a contract of reinsurance with an insurer against which a delinquency proceeding has been commenced, or an insurance producer for the reinsurer, in an action on or incidental to the reinsurance contract;        (3)    an officer, director, manager, trustee, organizer, promoter, or attorney in fact of an insurer against which a delinquency proceeding has been commenced, in an action resulting from or incidental to the person’s relationship with the insurer;        (4)    a person that, at the time of or after commencement of the delinquency proceeding, held or was in control of assets in which the receiver claims an interest on behalf of the insurer, in an action concerning the assets; and        (5)    a person obligated to the insurer in any way, in an action on or incidental to the obligation.    (c)    The venue of all delinquency proceedings is in Baltimore City.
MD. Insurance Code Ann. §  9-210 (2021)
2021 Maryland Statutes|Insurance|Title 9 - Impaired Entities|Subtitle 2 - Liquidation, Rehabilitation, Reorganization, and Conservation|Section 9-210 - Commencement of Delinquency Proceedings

    (a)    The Commissioner shall commence a delinquency proceeding against an insurer by applying to the court for an order that directs the insurer to show cause why the court should not grant the relief requested.    (b)    (1)    The court may consider an application for commencement of a delinquency proceeding only if the application is filed by the Commissioner in the name of the State.        (2)    After a hearing under the terms of the show–cause order, the court:            (i)    shall either grant or deny the application; and            (ii)    may order other relief as the nature of the case and the interests of the policyholders, creditors, stockholders, members, subscribers, or the public may require.
MD. Insurance Code Ann. §  9-214 (2021)
2021 Maryland Statutes|Insurance|Title 9 - Impaired Entities|Subtitle 2 - Liquidation, Rehabilitation, Reorganization, and Conservation|Section 9-214 - Notice to Policyholders of Delinquency Proceeding

    Within 15 days after appointment as receiver or conservator for an insurer against which a delinquency proceeding has been commenced, the receiver or conservator shall notify each policyholder of the insurer, by letter or other means approved by the court, of the commencement of the delinquency proceeding and of the possibility that the insurance of the policyholder may be canceled.
MD. Insurance Code Ann. §  9-216 (2021)
2021 Maryland Statutes|Insurance|Title 9 - Impaired Entities|Subtitle 2 - Liquidation, Rehabilitation, Reorganization, and Conservation|Section 9-216 - Appeals to Court of Special Appeals

    An appeal may be taken to the Court of Special Appeals from:         (1)    an order that grants or refuses rehabilitation, liquidation, or conservation; and        (2)    any other order in a delinquency proceeding that has the character of a final order as to the particular part of the delinquency proceeding covered by the order.
MD. Insurance Code Ann. §  9-217 (2021)
2021 Maryland Statutes|Insurance|Title 9 - Impaired Entities|Subtitle 2 - Liquidation, Rehabilitation, Reorganization, and Conservation|Section 9-217 - Loans and Pledges of Assets

    (a)    To facilitate the rehabilitation, liquidation, conservation, or dissolution of an insurer under this subtitle, the Commissioner, subject to the approval of the court, may:        (1)    borrow money;        (2)    execute, acknowledge, and deliver notes or other evidences of indebtedness for the loan;        (3)    secure the repayment of the loan by the mortgage, pledge, assignment, or transfer in trust of all or part of the property of the insurer; and        (4)    take any other action necessary and proper to consummate the loan and to provide for its repayment.    (b)    The Commissioner is not obligated personally or in an official capacity to repay a loan made under this section.
MD. Insurance Code Ann. §  9-218 (2021)
2021 Maryland Statutes|Insurance|Title 9 - Impaired Entities|Subtitle 2 - Liquidation, Rehabilitation, Reorganization, and Conservation|Section 9-218 - Administration of Assets of Domestic or Alien Insurers

    (a)    Whenever under this subtitle a receiver is to be appointed in a delinquency proceeding for a domestic insurer or alien insurer, the court shall:        (1)    appoint the Commissioner as receiver; and        (2)    order the Commissioner promptly to take possession of the assets of the domestic insurer or alien insurer and to administer the assets under the orders of the court.    (b)    (1)    Subject to paragraph (2) of this subsection, beginning on the date of issuance of an order that directs the Commissioner to rehabilitate or liquidate a domestic insurer or to liquidate the United States branch of an alien insurer domiciled in the State, the Commissioner as domiciliary receiver is vested by operation of law with title to and may take possession of all of the property, contracts, rights of action, books, and records of the domestic insurer or alien insurer, wherever located.        (2)    An ancillary receiver in a reciprocal state has the rights and powers as to assets located in that state that are specified in this subtitle for an ancillary receiver appointed in this State.    (c)    The filing of the order that directs possession to be taken, or a certified copy of the order, in an office where instruments affecting title to property are required to be filed provides the same notice as would be provided by a deed, bill of sale, or other evidence of title that is so filed.    (d)    (1)    The Commissioner as domiciliary receiver shall administer properly all assets that come into the possession or control of the Commissioner.        (2)    If considered desirable to protect the assets, the court at any time may require a bond from the Commissioner or Deputy Commissioner.        (3)    On taking possession of the assets of a domestic insurer or alien insurer and subject to the direction of the court, the Commissioner immediately shall:            (i)    conduct the business of the domestic insurer or alien insurer; or            (ii)    take action authorized by this subtitle to rehabilitate, liquidate, or conserve the affairs or assets of the domestic insurer or alien insurer.
MD. Insurance Code Ann. §  9-219 (2021)
2021 Maryland Statutes|Insurance|Title 9 - Impaired Entities|Subtitle 2 - Liquidation, Rehabilitation, Reorganization, and Conservation|Section 9-219 - Administration of Assets of Insurers Not Domiciled in State

    (a)    (1)    Whenever under this subtitle an ancillary receiver is to be appointed in a delinquency proceeding for an insurer not domiciled in the State, the court shall appoint the Commissioner as ancillary receiver.        (2)    The Commissioner shall file a petition requesting appointment as ancillary receiver under § 9-211(e) of this subtitle if:            (i)    the Commissioner finds that there are sufficient assets of the insurer located in the State to justify the appointment of an ancillary receiver; or            (ii)    ten or more persons resident in the State with claims against the insurer file a petition with the Commissioner requesting the appointment of an ancillary receiver.    (b)    For the purpose of liquidating an insurer domiciled in a reciprocal state, the domiciliary receiver:        (1)    is vested by operation of law with title to all of the property, contracts, and rights of action, and all of the books and records of the insurer located in this State;        (2)    immediately may recover balances due from local insurance producers and obtain possession of any books and records of the insurer found in this State;        (3)    subject to subsection (c)(1) of this section, may recover other assets of the insurer located in this State; and        (4)    may sue in this State to recover any assets of the insurer to which the domiciliary receiver is entitled under the law of this State.    (c)    (1)    On appointment of an ancillary receiver in this State, the ancillary receiver:            (i)    has the sole right to recover other assets of the insurer specified in subsection (b)(3) of this section during the ancillary receivership proceeding;            (ii)    shall:                1.    as soon as practicable liquidate from the securities of the ancillary receiver those special deposit claims and secured claims that are proved and allowed in an ancillary proceeding in this State; and                2.    pay the necessary expenses of the ancillary proceeding; and            (iii)    shall transfer promptly all remaining assets to the domiciliary receiver.        (2)    Subject to paragraph (1) of this subsection, the ancillary receiver and deputies of the ancillary receiver have the same powers and are subject to the same duties concerning administration of the assets of the insurer as a receiver of an insurer domiciled in this State.
MD. Insurance Code Ann. §  9-220 (2021)
2021 Maryland Statutes|Insurance|Title 9 - Impaired Entities|Subtitle 2 - Liquidation, Rehabilitation, Reorganization, and Conservation|Section 9-220 - Attachment or Garnishment of Assets

    (a)    During pendency of a delinquency proceeding in this State or a reciprocal state, an attachment, garnishment, execution, or similar action or proceeding may not be commenced or maintained in a court of this State against the impaired insurer or its assets.    (b)    A lien obtained or an action or proceeding prohibited by subsection (a) of this section is void as against any rights arising in the delinquency proceeding, if the lien was obtained or the action or proceeding commenced within 4 months before or at any time after commencement of a delinquency proceeding.