Maryland § 10-4A-25
Full text of Maryland Maryland Code § 10-4A-25, with citation guidance and answers to common questions.
§ 10-4A-25.
(a) In any case under the insurance law of the State in which the assets of a purchaser are examined or considered, the designated capital shall be treated as an admitted asset, subject to the same financial rating as that held by the State.
(b) The Corporation shall submit the following to the Maryland Insurance Administration:
(1) the names, addresses, and amount of designated capital to be contributed and premium tax credits earned by each successful bidder within 30 days after the close of the bidding process under § 10–4A–10 of this subtitle;
(2) a copy of the tax credit certificate issued to each purchaser within 30 days after the issuance of the certificate under § 10–4A–11 of this subtitle;
(3) the occurrence of a default by a purchaser; and
(4) the transfer of premium tax credits by a purchaser.
Frequently Asked Questions About Maryland § 10-4A-25
What does Maryland Code § 10-4A-25 cover?
Section 10-4A-25 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 10-4A-25?
A common citation format is "Maryland Code § 10-4A-25" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 10-4A-25 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.