Maryland § 24-304
Full text of Maryland Maryland Code § 24-304, with citation guidance and answers to common questions.
§ 24-304.
(a) Before October 1, 2013, the Company shall:
(1) file an application for a certificate of authority under this article and a statement of the risk–based capital levels of the Company as of the date of the application prepared in accordance with § 4–303 of this article; and
(2) take all steps necessary to be an authorized domestic insurer under State law.
(b) On approval of the application for a certificate of authority, the Commissioner shall issue to the Company a certificate of authority that authorizes the Company to issue policies under Title 9 of the Labor and Employment Article.
(c) Except as otherwise provided in this subtitle, the Company has the powers, privileges, and immunities granted by and is subject to the provisions applicable to insurers authorized to write workers’ compensation insurance under this article.
(d) The Company may issue policies for:
(1) employer’s liability insurance; and
(2) insurance under a federal compensation law.
(e) Except as otherwise provided in this subtitle, the Company shall be:
(1) authorized, examined, and regulated by the Commissioner in the same manner and to the same extent as other authorized property and casualty insurers; and
(2) subject to each provision of this article that is applicable to other authorized property and casualty insurers.
(f) The Company is a member of the Property and Casualty Insurance Guaranty Corporation.
Frequently Asked Questions About Maryland § 24-304
What does Maryland Code § 24-304 cover?
Section 24-304 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 § 24-304?
A common citation format is "Maryland Code § 24-304" (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 § 24-304 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.