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Session Laws, 1957
Volume 640, Page 1562   View pdf image (33K)
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1562                             Laws of Maryland                       [Ch. 836

(b)  Every person registering any other motor vehicle in this state
for the yearly period commencing April 1, 1958, or May 1, 1958, as
the case may be shall pay at the time of registering the same, in addi-
tion to any other fee prescribed by any other law, a fee of One ($1.00)
Dollar. If any such motor vehicle becomes an uninsured motor vehicle
at any time during such period such person shall immediately notify
the commissioner thereof, and shall pay the difference between the fee
prescribed in this paragraph and the fee prescribed in paragraph (a)
or return his registration certificate and plates;

(c)  On or before March 31, 1959, each insurer shall pay to the
treasurer a sum equal to ½ of 1% of its net direct written premiums
for the calendar year 1958 as shown in its annual statement filed with
the commissioner of insurance.

(d)  On December 30 in each year, beginning with 1959, the com-
missioner shall calculate the probable amount which will be needed
to carry out the provisions of this Act
SUB-TITLE during the ensu-
ing registration license year. If, in his judgment, the estimated bal-
ance of the fund at the beginning of the next registration license
year will be insufficient to meet such needs, he shall assess the esti-
mated deficiency:

(1)  Against insurers, so as to produce an aggregate sum which
shall not exceed:

(a)  ½ of 1% of the aggregate net direct written premiums of all
insurers during the preceding calendar year as shown by the records
of the commissioner of insurance, or

(b)  10% of the estimated deficiency, whichever shall be the
smaller;

Provided, that the aggregate sum shall be apportioned among insur-
ers in the proportion that the net direct written premiums of each
bears to the aggregate net direct written premiums of all insurers
during the preceding calendar year as shown by the records of the
commissioner of insurance, and

(2)  Against those persons registering uninsured motor vehicles
during the ensuing registration license year the remainder of the
estimated deficiency, with each such person paying for each unin-
sured motor vehicle he registers a sum to be determined by dividing
the remainder of the estimated deficiency by the number of uninsured
motor vehicles registered during the last preceding registration
license year; provided that for the purpose of rounding out the
amount so determined the commissioner, in his discretion, may in-
crease it by a sum not exceeding forty-nine cents ($.49). Any person
registering a motor vehicle other than an uninsured motor vehicle
shall, if such motor vehicle becomes an uninsured motor vehicle at
any time during the registration license year, immediately notify the
commissioner thereof and shall pay the amount prescribed in this
subparagraph or return his registration certificate and plates.

145C. Unsatisfied Claim and Judgment Fund Board. There is
hereby created an Unsatisfied Claim and Judgment Fund Board con-
sisting of the Commissioner, the commissioner of insurance, and four
representatives of insurers. Such representatives of insurers shall be
designated annually by the commissioner of insurance. He shall desig-
nate one representative of each of the following classes of companies:


 

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Session Laws, 1957
Volume 640, Page 1562   View pdf image (33K)
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