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Section 3-204 - Insurance, Guarantees, and Other Credit Enhancements — Maryland Law | CourtGPT
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  8. Section 3-204 - Insurance, Guarantees, and Other Credit Enhancements
Maryland Legal Code

Section 3-204 - Insurance, Guarantees, and Other Credit Enhancements

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Insurance, a guarantee, or other credit enhancement provided under this subtitle: (1) does not pledge the faith, credit, or taxing power of the State or the Department; and (2) is payable only to the extent of the reserve or other identified money backing the insurance, guarantee, or credit enhancement.