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MARYLAND LIFE & HEALTH INS. v. PERROTT

No. 143, September Term, 1983.

301 Md. 78 (1984)

482 A.2d 9

MARYLAND LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION v. JAMES A. PERROTT, RECEIVER OF AMERICAN CENTENNIAL LIFE INSURANCE COMPANY.

Court of Appeals of Maryland.

October 4, 1984.

Attorney(s) appearing for the Case

Edwin T. Steffy, Jr., Baltimore (Griffin, O'Ferrall & Steffy, Baltimore, on brief), for appellant.

Stanford H. Franklin, Baltimore, and John L. Taylor, Jr., Atlanta, Ga. (Rocklin, Franklin & Karlin, Baltimore, on brief), for appellee.

Argued before MURPHY, C.J., and SMITH, ELDRIDGE, COLE, DAVIDSON, RODOWSKY and COUCH, JJ.

RODOWSKY, Judge.

Appellant, Maryland Life and Health Insurance Guaranty Association (the Association), is a nonprofit legal entity created by the Maryland Life and Health Insurance Guaranty Association Act, Md. Code (1957, 1979 Repl.Vol., 1983 Cum.Supp.), Art. 48A, §§ 520-537 (the Md. Act). The goal of the Md. Act is to protect certain classes of persons against loss due to financial failure by a life, health, or annuity insurer. See § 521. Appellee...

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