Maryland Code, Insurance § 9-207

Current as of January 01, 2025 | Updated by Findlaw Staff

(a)(1) In a delinquency proceeding in which the Commissioner has been appointed receiver, the Commissioner may:

(i) appoint one or more special deputy commissioners to act for the Commissioner; and

(ii) employ counsel, clerks, and assistants.

(2) Compensation of the special deputies, counsel, clerks, and assistants and all expenses of taking possession of the insurer and of conducting the delinquency proceeding:

(i) shall be set by the Commissioner, subject to approval by the court; and

(ii) shall be paid out of the assets or funds of the insurer.

(3) Within the limits of duties imposed on a special deputy concerning a delinquency proceeding, the special deputy:

(i) shall possess all powers given to the receiver; and

(ii) in the exercise of those powers, is subject to all the duties imposed on the receiver concerning the delinquency proceeding.

(b) In a civil proceeding filed against a special deputy commissioner appointed under this subtitle, the special deputy commissioner is entitled to representation by the Attorney General as specified in Title 12, Subtitle 3, Part II of the State Government Article.

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Cite this article: FindLaw.com - Maryland Code, Insurance § 9-207 - last updated January 01, 2025 | https://codes.findlaw.com/md/insurance/md-code-insurance-sect-9-207/

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