Balt. Cotton Duck v. Md. Insurance Comm'r

Baltimore Cotton Duck, LLC v. Ins. Comm’r of the State of Md., et al., No. 951, September Term, 2022. Opinion by Nazarian, J. INSURANCE – FINANCIAL IMPAIRMENT – SUPERVISORS, LIQUIDATORS, CONSERVATORS, REHABILITATORS OR RECEIVERS – POWERS AND DUTIES Once an Insurance Commissioner is appointed receiver, the Commissioner may, either directly or through an agent, disavow or amend existing contracts for impaired insurers in order to protect insureds, creditors, and the general public. There is an important state interest in protecting health insurance policyholders, creditors, and the general…