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Session Laws and Journals, 1964, March Special Session
Volume 673, Page 56   View pdf image (33K)
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56                                LAWS OF MARYLAND                         [CH. 35

of insurance companies against which delinquency proceedings are
instituted under the Insurance Code.

Section 1. Be it enacted by the General Assembly of Maryland,
That new Section 164A be and it is hereby added to Article 48A of
the Annotated Code of Maryland (1963 Supplement), title "Insurance
Code", sub-title "10. Rehabilitation and Liquidation", to follow im-
mediately after Section 164 thereof, and to read as follows:

164A. The receiver OR CONSERVATOR of any company against
which delinquency proceedings are instituted under this sub-title
shall within thirty (30)
FIFTEEN (15) days after his appointment
as receiver
OR CONSERVATOR notify each policyholder of the
company by letter or such other means as the circuit courts may
approve of the institution of the delinquency proceedings and
AND
OF THE POSSIBILITY OF THE FUTURE CANCELLATION OF
HIS INSURANCE, warning the policyholder to secure other in-
surance.

Sec. 2. And be it further enacted, That this Act is hereby de-
clared to be an emergency measure and necessary for the immediate
preservation of the public health and safety, and having been passed
by a yea and nay vote supported by three-fifths of all the members
elected to each of the two houses of the General Assembly, the same
shall take effect from the date of its passage.

Approved April 7, 1964.

CHAPTER 35
(Senate Bill 34)

AN ACT to add new Section 158A to Article 66½ of the Annotated
Code of Maryland (1957 Edition), title "Motor Vehicles", sub-title
"Unsatisfied Claim and Judgment Fund", to follow immediately
after Section 158 thereof, to provide that persons holding valid
automobile liability insurance policies issued by companies author-
ized to do business under the Insurance Code meet motor vehicle
financial responsibility requirements regardless of the insolvency
or inability of the insurer to pay judgments against the insured,
and to provide that such policyholders need not pay uninsured
motorist fees except upon certain conditions.

Section 1. Be it enacted by the General Assembly of Maryland,
That new Section 158A be and it is hereby added to Article 66½ of
the Annotated Code of Maryland (1957 Edition), title "Motor Ve-
hicles", sub-title "Unsatisfied Claim and Judgment Fund", to follow
immediately after Section 158 thereof, and to read as follows:

158A. Any ON OR AFTER MARCH 1, 1964, ANY person who
at the time of a motor vehicle accident is an insured person within
the meaning of an automobile liability insurance policy issued by or
on behalf of an insurer authorized to do such business in accordance
with the provisions of Article 48A of this Code, entitled "Insurance
Code" shall be deemed to meet the financial responsibility require-
ments of this Article notwithstanding the insolvency or inability of
the authorized insurer to pay a judgment against the insured. No
such insured person shall be required to pay an uninsured motor


 

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Session Laws and Journals, 1964, March Special Session
Volume 673, Page 56   View pdf image (33K)
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