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Statutes Text

Article - Insurance




§19–602.

    (a)    In this section, “public entity” means:

        (1)    a political subdivision of the State;

        (2)    a unit of the State or a local government; or

        (3)    a nonprofit or nonstock corporation that:

            (i)    receives 50% or more of its annual operating budget from the State or a local government; and

            (ii)    is exempt from taxation under § 501(c)(3) or (4) of the Internal Revenue Code.

    (b)    Public entities may pool together to purchase casualty insurance, property insurance, or health insurance or to self-insure against casualty, property, or health risks.



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