Md. Code, Insurance § 15-1222
This is the official text of Md. Code, Insurance § 15-1222, part of Maryland’s Code, Insurance — regulates insurance companies and the policies they sell.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§15–1222.
Official statutory text
(a) (1) The Board shall report to the Commissioner on or before June 1 of each year.
(2) At a minimum, the report shall include:
(i) a description of the operations of the Pool for the preceding calendar year;
(ii) an audited statement of the financial condition of the Pool as of the preceding December 31; and
(iii) an audited detailed statement of the revenues received and expenditures of the Pool made during the preceding calendar year.
(b) The operations of the Board are subject to an annual audit by an independent auditor, and the audit report and working papers are subject to review by the Legislative Auditor.
(2) At a minimum, the report shall include:
(i) a description of the operations of the Pool for the preceding calendar year;
(ii) an audited statement of the financial condition of the Pool as of the preceding December 31; and
(iii) an audited detailed statement of the revenues received and expenditures of the Pool made during the preceding calendar year.
(b) The operations of the Board are subject to an annual audit by an independent auditor, and the audit report and working papers are subject to review by the Legislative Auditor.
Status: in_force · Read it on the official government site
Need a lawyer in Maryland?
Find a Maryland lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.