1. A. In this chapter, the following terms have the meanings indicated.

2. B. Terms Defined.

   1. (1) “Corporation” means the Life and Health Insurance Guaranty Corporation.
   2. (2) “Health benefit plan” has the meaning stated in Insurance Article, §9-401(g), Annotated Code of Maryland.

   3. (3) Member Insurer.

      1. (a) “Member insurer” means any person authorized in this State to transact:

         1. (i) Direct nongroup life insurance, health insurance, annuities (including structured settlements), and supplemental policies or contracts, or health maintenance organization business to which Title 9, Subtitle 4 of the Insurance Article applies; or
         2. (ii) Certificates under direct group policies or contracts.

      2. (b) “Member insurer” does not include:

         1. (i) A fraternal benefit society;
         2. (ii) A mandatory state pooling plan;
         3. (iii) A mutual assessment company or any entity that operates on an assessment basis;
         4. (iv) An insurance exchange; or
         5. (v) An organization which is permitted to issue charitable gift annuity agreements.
   4. (4) “Resident” means a person who resides in this State at the time a member insurer is determined to be an impaired insurer or an insolvent insurer, and to whom a contractual obligation is owed.
   5. (5) “Supplemental contract” means an agreement entered into for the distribution of policy or contract proceeds.

Authority: Insurance Article, §§2-109 and 9-414, Annotated Code of Maryland

Effective date:

Regulations .01—.03 adopted as an emergency provision effective February 1, 1996 (23:4 Md. R. 270); adopted permanently effective July 1, 1996 (23:13 Md. R. 943)

Regulation .03B amended as an emergency provision effective July 1, 1996 (23:14 Md. R. 1004); amended permanently effective November 4, 1996 (23:22 Md. R. 1496)

Chapter recodified from COMAR 09.31.11 to COMAR 31.04.14 effective September 7, 1998 (25:18 Md. R. 1439)

Regulation .01 amended effective November 1, 2021 (48:19 Md. R. 803)

Regulation .02B amended effective November 1, 2021 (48:19 Md. R. 803)

Regulation .03 amended effective May 1, 2007 (34:1 Md. R. 33); November 1, 2021 (48:19 Md. R. 803)

Regulation .03B amended effective October 18, 2010 (37:21 Md. R. 1438); July 16, 2015 (42:8 Md. R. 608)