WILLIAM DONALD SCHAEFER, Governor Ch. 82

1. The status of the conservatorship, rehabilitation, or
receivership; and

2. The activities of the appointed conservator, rehabilitator, or
receiver since the last report filed under this subparagraph.

(ii) [The frequency and content of any report required under this
paragraph shall be determined by the Commissioner.] THE REPORT REQUIRED
UNDER THIS PARAGRAPH SHALL BE FILED AT LEAST QUARTERLY AND
SHALL INCLUDE, AT A MINIMUM:

1. ALL INFORMATION OF THE CHARACTER

REQUIRED BY RULE BP 9 OF THE MARYLAND RULES APPLICABLE TO
RECEIVERS GENERALLY;

2. ANY OTHER INFORMATION NECESSARY TO

PROVIDE A FULL AND COMPLETE REPORT ON THE FINANCIAL AFFAIRS
AND CONDITION OF THE CONSERVATORSHIP, REHABILITATION, OR
RECEIVERSHIP;

3. A FULL AND COMPLETE ACCOUNT OF ALL

EFFORTS BY THE CONSERVATOR, REHABILITATOR, OR RECEIVER SINCE
THE LAST SUCH REPORT EITHER TO SELL OR DISPOSE OF THE
REMAINING BUSINESS, ASSETS, OR POLICIES OF THE INSURER OR TO
OTHERWISE BRING TO A PROMPT CONCLUSION THE CONSERVATORSHIP,
REHABILITATION, OR RECEIVERSHIP; AND

4. COPIES OF ANY ACTUARIAL OR OTHER

EVALUATIONS OF THE INSURANCE BUSINESS AND ASSETS UNDER THE
CONTROL OF THE CONSERVATOR, REHABILITATOR, OR RECEIVER.

(III) SUBJECT TO ANY PROTECTIVE ORDER THAT THE
COURT DEEMS APPROPRIATE, INFORMATION FILED UNDER SEAL SHALL
BE PROVIDED TO BOTH THE COMMISSIONER AND THE AFFECTED
GUARANTY ASSOCIATION.

(IV) UNLESS WAIVED BY THE COURT FOR GOOD CAUSE,
THE ANNUAL QUARTERLY REPORT SHALL BE AUDITED.

[(iii)] (V) Any report required under this paragraph shall be in
addition to any other reports required by the court.

(5) (i) The Commissioner and any guaranty association which may be
obligated to pay any claims during the conservatorship, rehabilitation, or receivership
may negotiate for the sale of all or any part of the assets or of the book of business of
the insurer placed in conservatorship, rehabilitation, or receivership.

(ii) The appointed conservator, rehabilitator, or receiver:

1. Shall cooperate fully in any negotiation undertaken by the
Commissioner or a guaranty association under this paragraph; and

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