Ch. 82 LAWS OF MARYLAND

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect July 1, 1990.

Approved April 24, 1990.

CHAPTER 82
(Senate Bill 94)

AN ACT concerning

Insurance - Delinquency Proceedings - Conservator, Rehabilitates, or Receiver

FOR the purpose of providing that the court shall require certain appointed
conservators, rehabilitators, or receivers to file certain reports; requiring certain
information to be contained in these reports; requiring that these reports be filed
at certain times; providing that the court may seal certain reports; providing that
the court may restrain or limit the ability of the Commissioner or certain guaranty
associations to negotiate the sale of certain assets of certain insurers under certain
circumstances; and generally relating to insurance delinquency proceedings.

BY repealing and reenacting, without amendments,
Article 48A - Insurance Code
Section 133(f)(l)
Annotated Code of Maryland
(1986 Replacement Volume and 1989 Supplement)

BY repealing and reenacting, with amendments,
Article 48A - Insurance Code
Section 133(f)(2) and (5)
Annotated Code of Maryland
(1986 Replacement Volume and 1989 Supplement)

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

Article 48A - Insurance Code

133.

(f) (1) In this subsection, "appointed conservator, rehabilitator, or receiver"
means any person-other than the Commissioner that has been appointed as a
conservator, rehabilitator, or receiver by the court under subsection (e) of this section.

(2) (i) The [Commissioner may] COURT SHALL require any
appointed conservator/rehabilitator, or receiver t6 file with the Commissioner and the
court a periodic report on:

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