PARRIS N. GLENDENING, Governor                                  Ch. 36

"Foreign insurer" § 1-101
"Insurance" § 1-101
"Insurer" § 1-101
"Reciprocal insurer" § 1-101
"State" § 1-101

2-206. EXAMINATIONS OF AGENTS, BROKERS, MANAGERS, AND OTHERS.

WHEN ADVISABLE TO DETERMINE COMPLIANCE WITH THIS ARTICLE, THE
COMMISSIONER MAY EXAMINE THE ACCOUNTS, RECORDS, DOCUMENTS, AND
TRANSACTIONS THAT RELATE TO THE INSURANCE AFFAIRS OR PROPOSED
INSURANCE AFFAIRS OF:

(1)      AN INSURANCE AGENT, BROKER, SURPLUS LINES BROKER,
GENERAL AGENT, ADJUSTER, PUBLIC ADJUSTER, OR ADVISER;

(2)      A PERSON WITH THE EXCLUSIVE OR DOMINANT RIGHT UNDER A
CONTRACT TO MANAGE OR CONTROL AN INSURER;

(3)      A PERSON THAT, FOR THE PURPOSE OF CONTROLLING THE
MANAGEMENT OF A DOMESTIC INSURER, HOLDS THE SHARES OF VOTING STOCK OR
POLICYHOLDER PROXIES OF THE DOMESTIC INSURER AS VOTING TRUSTEE OR
OTHERWISE; OR

(4)      A PERSON ENGAGED IN, PROPOSING TO ENGAGE IN, OR HELPING IN
THE PROMOTION OR FORMATION OF:

(I)       A DOMESTIC INSURER OR INSURANCE HOLDING
CORPORATION; OR

(II)     A CORPORATION TO FINANCE A DOMESTIC INSURER OR THE
PRODUCTION OF ITS BUSINESS.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 31.

In item (2) of this section, the former reference to a contract under which a
person "enjoys in fact" a dominant or exclusive right is deleted as surplusage.

Defined terms: "Commissioner" § 1-101
"Domestic insurer" § 1-101
"Insurance" § 1-101
"Insurer" § 1-101
"Person" § 1-101

2-207. CONDUCT OF EXAMINATIONS.

(A) LOCATION.

(1) THE COMMISSIONER SHALL CONDUCT AN EXAMINATION OF AN
INSURER AT:

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