600                              Laws of Maryland                       [Ch. 437

CHAPTER 437
(Senate Bill 238)

AN ACT to repeal and re-enact, with amendments, Sub-section (d)
of Section 151 of Article 66½ of the Annotated Code of Maryland
(1957 Ed.), title "Motor Vehicles", sub-title "Unsatisfied Claim
and Judgment Fund", to provide that, beginning with 1961, the
Unsatisfied Claim and Judgment Fund Board shall calculate the
amount needed to carry out the provisions of the law.

Section 1. Be it enacted by the General Assembly of Maryland,
That Sub-section (d) of Section 151 of Article 66½ of the Annotated
Code of Maryland (1957 Ed.), title "Motor Vehicles", sub-title "Un-
satisfied Claim and Judgment Fund", be and it is hereby repealed
and re-enacted, with amendments, to read as follows:

151. For the purpose of creating and maintaining the fund—

(d) On December 30 in each year, beginning with [1959] 1961, the
[Commissioner] Unsatisfied Claim and Judgment Fund Board shall
calculate the probable amount which will be needed to carry out the
provisions of this sub-title during the ensuing registration license
year. If, in [his] its judgment, the estimated balance of the fund at
the beginning of the next registration license year will be insufficient
to meet such needs, [he] the Board shall recommend to the Commis-
sioner and the Commissioner shall assess the estimated deficiency:

(1)  Against insurers, so as to produce an aggregate sum which
shall not exceed:

(A)   ½ of 1% of the aggregate net direct written premiums of all
insurers during the preceding calendar year as shown by the records
of the Commissioner of Insurance, or

(B)   10% of the estimated deficiency, whichever shall be the
smaller; Provided, that the aggregate sum shall be apportioned among
insurers in the proportion that the net direct written premiums of
each bears to the aggregate net direct written premiums of all
insurers during the preceding calendar year as shown by the records
of the Commissioner of Insurance, and

(2)  Against those persons registering uninsured motor vehicles
during the ensuing registration license year the remainder of the
estimated deficiency, with each such person paying for each unin-
sured motor vehicle he registers a sum to be determined by dividing
the remainder of the estimated deficiency by the number of uninsured
motor vehicles registered during the last preceding registration li-
cense year; provided that for the purpose of rounding out the amount
so determined the [Commissioner] Unsatisfied Claim and Judgment
Fund Board, in [This] its discretion, may increase it by a sum not
exceeding forty-nine cents ($.49). Any person registering a motor
vehicle other than an uninsured motor vehicle shall, if such motor
vehicle becomes an uninsured motor vehicle at any time during the
registration license year, immediately notify the Commissioner

Explanation: Italics indicate new matter added to existing law.

[Brackets] indicate matter stricken from existing law.
CAPITALS indicate amendments to bill.
Strike out indicates matter stricken out of bill.