Ch. 236

LAWS OF MARYLAND

Article 48A - Insurance Code

566.

(b) "Attorney" means [a person] AN INDIVIDUAL WHO IS
admitted to the [bar and certified to practice law in] BAR OF the
Court of Appeals of Maryland.

(d) "Practice of law" by an attorney in Maryland has the

definition given by the Court of Appeals of Maryland and includes

the definition given in [§ 1 of Article 10 of the Code] §

10-101(H)(I) AND (II) AND (2)(I) AND (II) OF THE BUSINESS
OCCUPATIONS ARTICLE.

619.

Risk retention groups chartered and licensed in a state
other than this State, and seeking to do business as a risk
retention group in this State, shall observe and abide by the
laws of this State as follows:

(a)  Before offering insurance in this State, a risk
retention group shall submit to the Commissioner:

(4) A copy of the group's financial statement
submitted to the state in which the group is chartered and
licensed, which shall be certified by an independent CERTIFIED
public accountant and contain a statement of opinion on loss and
loss adjustment expense reserves made by a member of the American
Academy of Actuaries or a qualified loss reserve specialist;

Article 48B - Motor Clubs

3.

(b)  The applicant shall furnish to the Commissioner such
data and information as the Commissioner may deem reasonably
necessary to enable him to determine, in accordance with the
provisions of this article, whether or not a certificate of
authority should be issued to the applicant. It shall be executed
under oath by the applicant, or if other than an individual, by
an authorized officer of the applicant, and the information filed
with the application shall include the following:

(3) A financial statement certified by a [registered
or] certified public accountant within the previous six months,
presenting fairly, in accordance with generally accepted
accounting principles, the financial position of the applicant
and containing such information as the Commissioner may
prescribe. [The Commissioner may at his discretion accept a
financial statement certified by a registered or certified public
accountant within the previous year for an applicant doing
business within the State prior to January 1, 1972.]

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