1964]                   OF THE HOUSE OF DELEGATES                      125

Mr. Hess, for the Committee on Rules, reported favorably,
House Resolution No. 4—By Delegate McCourt:

House Resolution requesting the Legislative Council to appoint a
special committee to review the State Insurance Code to determine
the need for additional statutory requirements applicable to the
formation and management of insurance companies in the State.

Whereas, It is imperative that no scandal similar to that which
previously affected the savings and loan business in the State should
occur in the insurance industry, and

Whereas, Recently one automobile liability insurance company
formed under State law has been placed in the hands of a receiver
because of its poor financial condition, and it is believed that another
company is in a similar financial condition, and

Whereas, These two companies together insure over 30,000 per-
sons in the State of Maryland who may now be without valid in-
surance, and

Whereas, The State Insurance Commissioner reports that these
insurers have complied with all applicable State laws and that their
financial standing has been examined as frequently as the resources
of the Insurance Department will allow, and

Whereas, For the protection of the public, it is desirable that
a thorough review be made of the adequacy of State insurance laws
applicable to the formation and management of insurance companies
in the State, and of the need for expanded supervision of the affairs
of insurance companies, now, therefore be it

Resolved by the House of Delegates of Maryland, That the Legis-
lative Council is requested to appoint a special committee to re-
view the State Insurance Code to determine the need for additional
statutory requirements applicable to the formation and management
of insurance companies, and be it further

Resolved, That copies of this resolution are sent to the Chairman
and Secretary of the Legislative Council and to the State Insurance
Commissioner.

Read and adopted.

REPORTS OF SELECT COMMITTEES

On motion of Mr. Linton, duly seconded, and two-thirds of the
members-elect voting in the affirmative, the rules were suspended by
yeas and nays as follows for the purpose of reporting Senate Bill No. 9
on same day as received by Committee.

Affirmative

Messrs.—

Speaker, Fowler, Boyer, Joiner, Bertier, Duvall, Larrimore, McNulty, Weidemeyer,
Benner, Dowell, Linton, Boone, Bossle, MacDaniel, Maguire, Medairy, Peters, Price,
Rush, Spurrier, Staten, Stone, Tyler, Latham, Lowe (T.), Long (Chas.), Quinn, Bennett,
Matthews, Merryweather, Spicer, Burkheimer, Johnson, Conroy, Dentz, Emanuel, Hart,
Machen, Marshall, McDonough, Hickman (C. M.), Risley, Hickman (R.), Pilchard,
Byron, Collins, Houck, Payne, Remsberg, Virts, Blair, Hardwicke, Hess, Scarff, Blades,
Wise, Bullock, Walters, Antonelli, Holub, Lapides, McCourt, Acker, Krug, Mooney,
O'Connell, O'Malley, Palmisano, Tawney, Abramson (J.), Dixon, Young, Cardin, Res-
nick, Siegel, Silver, Stark, Baumann, Corrigan, McGuirk, Murphy, Wheatley, Dillon,