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Session Laws, 1949
Volume 590, Page 1260   View pdf image (33K)
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1260 ' LAWS OF MARYLAND. [CH. 513

(or licensee) may, within thirty (30) days of the sending of
such notice by the Commissioner, appeal from such decision
to the Circuit Court of Baltimore City, or of the county within
which said applicant (or licensee) resides, and said Court
shall review both the law and the facts involved.

SEC. 2. And be it further enacted, That this Act shall take
effect June 1, 1949.

Approved April 29, 1949.

CHAPTER 513
(House Bill 64)

AN ACT to repeal and re-enact, with amendments, Section
143 of Article 48A of the Annotated Code of Maryland
(1939 Edition), title "Insurance", sub-title "Surety, Casual-
ty, Liability and Compensation Insurance", relating to Lia-
bility and Compensation Claim Reserves.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That Section 143 of Article 48A of the Annotated Code
of Maryland (1939 Edition), title "Insurance", sub-title
"Surety, Casualty, Liability and Compensation Insurance", be
and the same is hereby repealed and re-enacted, with amend-
ments, to read as follows:

143. (Liability and Compensation Claim Reserves. ) The
reserve for outstanding losses under insurance against loss or
damage resulting from accident to or injuries suffered by an
employee or other person and for which the insured is liable,
and under insurance against loss from liability on account of
the death of or injury to an employee not caused by the
negligence of the employer, shall be determined as follows:

(1) For all liability suits being defended under policies
written more than (a) Ten Years prior to the date as of which
the statement is made, one thousand five hundred dollars for
each suit, (b) Five and less than Ten Years prior to the date
as of which the statement is made, one thousand dollars for
each suit, (c) Three and less than Five Years prior to the
date as of which the statement is made, eight hundred and
fifty dollars for each suit; (2) For all liability policies written
during the three years immediately preceding the date as of
which the statement is made, such reserve shall be sixty per
centum of the earned liability premiums of each of such three

 

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Session Laws, 1949
Volume 590, Page 1260   View pdf image (33K)
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