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Unannotated Code of Maryland (Last Updated: May 16, 2014) |
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INSURANCE |
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TITLE 24. STATE CREATED MUTUAL SOCIETIES AND OTHER ENTITIES |
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SUBTITLE 3. CHESAPEAKE EMPLOYERS' INSURANCE COMPANY |
§ 24-309. Legal status of Company
Latest version.
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(a) Independent from State. -- The Company is not and may not be deemed to be a department, unit, agency, or instrumentality of the State for any purpose.
(b) Employees. -- Employees of the Company are not:
(1) employees of the State; or
(2) members of the State Retirement and Pension System.
(c) Debts and liabilities. -- All debts, claims, obligations, and liabilities of the Company, whenever incurred, shall be the debts, claims, obligations, and liabilities of the Company only and not of the State or the State's departments, units, agencies, instrumentalities, officers, or employees.
(d) Money; General Fund appropriations. --
(1) Money of the Company is not part of the General Fund of the State.
(2) The State may not budget for or provide General Fund appropriations to the Company.
(3) The debts, claims, obligations, and liabilities of the Company are not a debt of the State or a pledge of the credit of the State.