{"data":{"id":"us-md/md.-code-insurance-16-116","jurisdiction":"us-md","citation":"Md. Code, Insurance § 16–116","heading":"","body":"(a) In this section, “public entity” means:\n(1) a political subdivision of the State;\n(2) a unit of the State or a local government; or\n(3) a nonprofit or nonstock corporation that:\n(i) receives 50% or more of its annual operating budget from the State or a local government; and\n(ii) is exempt from taxation under § 501(c)(3) or (4) of the Internal Revenue Code.\n(b) Public entities may pool together to purchase life insurance or to self-insure against life risks.","path":["Article - Insurance"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin\u0026section=16-116","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:28Z","sha256":"d75482aa8d27fda4f009835ab30414b3665e1b1dd0e2f0a330644528359d4850","source_id":"us-md","stale":false,"prev":"us-md/md.-code-insurance-16-115","next":"us-md/md.-code-insurance-16-117"},"notice":"GroundRules: Original legal text. Not legal advice."}