{"data":{"id":"us-md/md.-code-insurance-25-402","jurisdiction":"us-md","citation":"Md. Code, Insurance § 25–402","heading":"","body":"The purposes of this subtitle are:\n(1) to authorize and establish:\n(i) the Joint Insurance Association;\n(ii) a program to make essential property insurance available from the Association to qualified applicants with the least possible administrative detail and expense; and\n(iii) a program to make the homeowner’s insurance that is provided by the Association available to qualified applicants with the least possible administrative detail and expense;\n(2) to encourage the improvement of the condition of properties located in the State;\n(3) to further orderly community development in general;\n(4) to publicize the purposes and procedures of this subtitle so that no one fails to seek assistance from the Association because of ignorance;\n(5) to utilize fully the voluntary insurance market as a source of essential property insurance and homeowner’s insurance; and\n(6) to encourage the delivery of essential property insurance, and the homeowner’s insurance that is provided by the Association, at the most reasonable cost possible, provided that insurance pricing by the Association:\n(i) is actuarially self-supporting; and\n(ii) does not actively compete with insurance pricing in the voluntary insurance market.","path":["Article - Insurance"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gin\u0026section=25-402","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:59:28Z","sha256":"73b4fbaafceaec527e15c8e857dee627ca44529dff7e330cd99efd644b74c7d2","source_id":"us-md","stale":false,"prev":"us-md/md.-code-insurance-25-401","next":"us-md/md.-code-insurance-25-403"},"notice":"GroundRules: Original legal text. Not legal advice."}