WILLIAM DONALD SCHAEFER, Governor

Ch. 566

CHAPTER 566

(Senate Bill 240)

AN ACT concerning

Maryland Property Insurance Availability Act

FOR the purpose of revising the Maryland Property Insurance
Availability Act; deleting certain obsolete provisions;
adding and repealing certain definitions; reducing the
number of members on the Governing Committee of the Joint
Insurance Association; repealing certain required
qualifications of the members of the Governing Committee;
deleting the power of the Insurance Commissioner to review
the operations of the Association; adding the power of the
Insurance Commissioner to monitor and review the financial
condition of the members of the Joint Insurance Association;
altering certain language so that the program of operation
shall provide for the establishment of a maximum limit of
liability of $500,000 on property at any one location in
certain circumstances; altering certain requirements for
property inspection and applications; deleting certain
requirements for property inspection and applications;
deleting obsolete language relating to the Maryland
Insurance Development Fund; specifying that the Joint
Insurance Association is not an instrumentality of the
State; providing for a certain expiration date for the
Maryland Property Insurance Availability Act; providing for
certain immunity from liability, with certain exceptions;
making stylistic changes; and generally relating to the
Maryland Property Insurance Availability Act.

BY repealing and reenacting, with amendments,

Article 48A - Insurance Code

Section 478A through 478D and 478F through 478-I

Annotated Code of Maryland

(1986 Replacement Volume and 1987 Supplement)

BY adding to

Article 48A - Insurance Code

Section 478E

Annotated Code of Maryland

(1986 Replacement Volume and 1987 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 48A - Insurance Code

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