Maryland § 9-229
Full text of Maryland Maryland Code § 9-229, with citation guidance and answers to common questions.
§ 9-229.
(a) Except as provided in subsection (b) of this section, in all cases of mutual debts and credits between an insurer and another person in connection with a delinquency proceeding, the debts and credits shall be offset and the balance only shall be allowed or paid.
(b) An offset may not be allowed in favor of another person if:
(1) on the date of issuance of a liquidation order or otherwise, as specified in § 9-228(e) of this subtitle, the obligation of the insurer to the person would not entitle the person to share as a claimant in the assets of the insurer;
(2) the obligation of the insurer to the person was purchased by or transferred to the person for use as an offset; or
(3) the obligation of the person is to pay:
(i) an assessment imposed on the members of a mutual insurer or the subscribers of a reciprocal insurer; or
(ii) a balance on the subscription to the capital stock of a stock insurer.
Frequently Asked Questions About Maryland § 9-229
What does Maryland Code § 9-229 cover?
Section 9-229 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 § 9-229?
A common citation format is "Maryland Code § 9-229" (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 § 9-229 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.