(a) The following persons are subject to taxation under this subtitle: (1) a person engaged as principal in the business of writing insurance contracts, surety contracts, guaranty contracts, or annuity contracts; (2) a managed care organization authorized by Title 15, Subtitle 1 of the Health – General Article; (3) a for–profit health maintenance organization authorized by Title 19, Subtitle 7 of the Health – General Article; (4) an attorney in fact for a reciprocal insurer; and (5) a credit indemnity company. (b) The following persons are not subject to taxation under this subtitle: (1) a nonprofit health service plan corporation that meets the requirements established under §§ 14–106 and 14–107 of this article; (2) a fraternal benefit society; (3) a surplus lines broker, who is subject to taxation in accordance with Title 3, Subtitle 3 of this article; (4) an unauthorized insurer, who is subject to taxation in accordance with Title 4, Subtitle 2 of this article; (5) a nonprofit health maintenance organization authorized by Title 19, Subtitle 7 of the Health – General Article that is exempt from taxation under § 501(c)(3) of the Internal Revenue Code; and (6) the Maryland it health maintenance organization authorized by Title 19, Subtitle 7 of the Health – General Article that is exempt from taxation under § 501(c)(3) of the Internal Revenue Code; and (6) the Maryland Automobile Insurance Fund.
Maryland Legal Code