clear space clear space clear space white space
A
 r c h i v e s   o f   M a r y l a n d   O n l i n e
  Maryland State Archives | Index | Help | Search search for:
clear space
white space
Session Laws, 1995
Volume 793, Page 2407   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>
clear space clear space clear space white space

PARRIS N. GLENDENING, Governor                             Ch. 352

(B) THE TOTAL AMOUNT OF THE FRAUD PREVENTION FEE COLLECTED BY
THE COMMISSIONER SHALL BE DEPOSITED IN THE INSURANCE FRAUD DIVISION
FUND FOR THE SOLE PURPOSE OF FUNDING THE ACTIVITIES OF THE INSURANCE
FRAUD DIVISION.

6-203.

THE FRAUD PREVENTION FEE SHALL BE:

(1)     FOR EACH INSURER OR OTHER ENTITY AUTHORIZED TO OPERATE
IN THE STATE UNDER THIS ARTICLE:

(I) IN 1995, $750; AND

(II) IN 1996, AND THEREAFTER, $1,000; AND

(2)     $10 FOR EACH AGENT LICENSED BY THE COMMISSIONER.
6-204.

THE COMMISSIONER MAY ADOPT REGULATIONS TO IMPLEMENT ANY

PROVISION OF THIS SUBTITLE.
SECTION 11. AND BE IT FURTHER ENACTED, That the Executive Director

of the Maryland Automobile Insurance Fund (the "Fund"), in consultation with the

Insurance Commissioner shall:

(1)     Identify and compile a list of each insured of the Fund whose policy of
insurance with the Fund expires between July 1, 1995 and June 30, 1996 (the "Study
Period") and who, at the time of expiration, is entitled to insurance under Article 48A, §
243P(a) of the Code, as enacted by Section 5 of this Act (the "Study Group");

(2)     Identify and compile a list of each insured in the Study Group who
renews a policy of insurance with the Fund during the Study Period;

(3)     As to each insured in the Study Group who renews a policy of insurance
with the Fund during the Study Period, determine, through a survey, interview, or other
appropriate means, as determined by the Executive Director of the Fund: (a) what, if any
efforts the insured made to obtain insurance in the private market; (b) the results of those
efforts; and (c) the reasons why the insured decided to renew a policy with the Fund; and

(4)     Prepare and submit a written report to the Governor and, subject to the
provisions of § 2-1312 of the State Government Article, the General Assembly on or
before January 1, 1997, which shall include: fa) the total number of insureds in the Study
Group; (b) the total number of insureds in the Study Group who renewed their policy of
insurance with the Fund during the Study Period; (c) a demographic profile of the
insureds in the territories in which they reside; (d) a discussion and analysis of the results
of any surveys or interviews of such insureds including a discussion of what, if any, efforts
these insureds made to obtain insurance in the private market and the results of those
efforts, and the reasons why these insureds decided to renew their policies with the Fund;
and (e) any other information that the Insurance Commissioner finds to be pertinent to
the question of why individuals who are eligible to obtain insurance in the private market
elect to maintain policies with the Fund.

- 2407 -

 

clear space
clear space
white space

Please view image to verify text. To report an error, please contact us.
Session Laws, 1995
Volume 793, Page 2407   View pdf image
 Jump to  
  << PREVIOUS  NEXT >>


This web site is presented for reference purposes under the doctrine of fair use. When this material is used, in whole or in part, proper citation and credit must be attributed to the Maryland State Archives. PLEASE NOTE: The site may contain material from other sources which may be under copyright. Rights assessment, and full originating source citation, is the responsibility of the user.


Tell Us What You Think About the Maryland State Archives Website!



An Archives of Maryland electronic publication.
For information contact mdlegal@mdarchives.state.md.us.

©Copyright  August 17, 2024
Maryland State Archives