1436                              LAWS OF MARYLAND                       [CH. 874

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 151 (d) of Article 66½ of the Annotated Code of Mary-
land (1964 Supplement), title "Motor Vehicles," subtitle "Unsatisfied
Claim and Judgment Fund," be and it is hereby repealed and re-
enacted, with amendments, to read as follows:

151.

(d) On December 30 in each year, beginning with 1961, AND
IN THE CASE OF THE ASSESSMENT AGAINST INSURERS
PROVIDED FOR IN PARAGRAPH 1 BELOW, AT SUCH TIME
OR TIMES DURING THE YEAR AS IS NECESSARY TO INSURE
THE SOLVENCY OF THE FUND, the Unsatisfied Claim and Judg-
ment Fund Board shall calculate the probable amount which will
be needed to carry out the provisions of this subtitle during the
ensuing registration license year. If, in its judgment, the estimated
balance of the fund at the beginning of the next registration license
year will be insufficient to meet such needs, the Board shall recommend
to the Commissioner 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%] 2% 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;

(1)    AGAINST INSURERS, WHO SHALL BE RESPONSIBLE
FOR COLLECTING FROM THEIR POLICY HOLDERS AN
AGGREGATE SUM WHICH SHALL NOT EXCEED 2% OF THE
AGGREGATE NET DIRECT WRITTEN PREMIUMS OF ALL
INSURERS DURING THE PRECEDING CALENDAR YEAR AS
SHOWN BY THE RECORDS OF THE INSURANCE COM-
MISSIONER, WHICH ASSESSMENT SHALL NOT BE DE-
DUCTED FROM ANY OTHER ASSESSMENT OR TAX RE-
QUIRED BELOW.

Provided, that the aggregate sum shall be apportioned among in-
surers 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 person paying for each uninsured
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
license year; provided that for the purpose of rounding out the
amount so determined the Unsatisfied Claim and Judgment Fund
Board, in 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