Maryland § 3-219
Full text of Maryland Maryland Code § 3-219, with citation guidance and answers to common questions.
§ 3-219.
(a) (1) The attorney in fact of a reciprocal insurer:
(i) periodically may fix and determine savings to be paid to each subscriber or policyholder on participating policies or contracts from the earned surplus of the reciprocal insurer; and
(ii) after doing so, shall establish an adequate surplus from which the savings are to be paid.
(2) The attorney in fact may not fix or pay savings if the payment of savings will impair the minimum surplus or other required surplus of the reciprocal insurer.
(b) (1) In fixing or paying savings, the attorney in fact may make reasonable classifications of policies or contracts.
(2) Policies or contracts in the same classification shall be treated without unfair discrimination.
(3) If the reciprocal insurer offers an alternative method or plan for savings classifications, the policy or contract shall contain an endorsement that states the class to which it is assigned.
(c) Each reciprocal insurer shall establish a procedure for notifying each policyholder or subscriber about savings fixed and payable under the policyholder’s or subscriber's policy or contract.
Frequently Asked Questions About Maryland § 3-219
What does Maryland Code § 3-219 cover?
Section 3-219 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 § 3-219?
A common citation format is "Maryland Code § 3-219" (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 § 3-219 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.