Maryland § 3-211
Full text of Maryland Maryland Code § 3-211, with citation guidance and answers to common questions.
§ 3-211.
(a) The Commissioner shall determine the financial condition of a reciprocal insurer in accordance with this section.
(b) (1) The surplus deposits of subscribers shall be allowed as assets, except that any premium deposits that are delinquent for 90 days or more shall be charged first against the surplus deposits.
(2) Premium deposits that are delinquent for less than 90 days shall be allowed as assets.
(3) An assessment levied on subscribers, but not collected, may not be allowed as an asset.
(4) The contingent liability of subscribers may not be allowed as an asset.
(c) (1) The Commissioner shall charge as liabilities the same reserves as are required of incorporated insurers that issue nonassessable policies on a reserve basis.
(2) The surplus deposits of subscribers may not be charged as a liability.
(d) The computation of reserves shall be based on premium deposits other than membership fees.
(e) At any time, the Commissioner may require the attorney in fact of a reciprocal insurer to submit an affidavit that shows the amount of annual savings, not already credited to subscribers, that are due but not paid.
Frequently Asked Questions About Maryland § 3-211
What does Maryland Code § 3-211 cover?
Section 3-211 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 § 3-211?
A common citation format is "Maryland Code § 3-211" (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 § 3-211 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.