J. MILLARD TAWES, Governor                      669

CHAPTER 476
(Senate Bill 243)

AN ACT to repeal and re-enact, with amendments, Section 58 of
Article 48A of the Annotated Code of Maryland (1957 Edition),
title "Insurance Code", sub-title "3. Insurers: Authorization and
General Requirements", to require interim financial statements
from insurers at the option of the Commissioners.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 58 of Article 48A of the Annotated Code of Maryland
(1957 .Edition), title "Insurance Code", sub-title "3. Insurers:
Authorization and General Requirements", be and it is hereby re-
pealed and re-enacted, with amendments, to read as follows:

58.

(1)  Each authorized insurer shall annually on or before March
first unless the time is extended by the Commissioner for good cause
shown, file with the Commissioner a true statement of its financial
condition, transactions, and affairs as of the December thirty-first
preceding; said statement to be in such form and content as is
approved or adopted for current use by the National Association of
Insurance Commissioners or its successor organization, for use as
to the type of insurer and kinds of insurance to be reported upon,
and as supplemented for additional information required by the
Commissioner. The statement of an alien insurer shall relate only
to its transactions and affairs in the United States unless the Com-
missioner requires otherwise.

(2)  The Commissioner may require interim statements of any
company doing business within this State, on such points as he may
deem necessary and proper at any time during the period between
the filing of annual statements.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1965.

Approved April 8, 1965.

CHAPTER 477
(Senate Bill 245)

AN ACT to add new Section 250A to Article 48A of the Annotated
Code of Maryland (1964 Replacement Volume), title "Insurance
Code", sub-title "17. Stock and Mutual Insurers", to follow imme-
diately after Section 250 thereof, to regulate inside trading by
certain owners of domestic stock insurer capital stock and equity
securities.

Section 1. Be it enacted by the General Assembly of Maryland,
That new Section 250A be and it is hereby added to Article 48A of
the Annotated Code of Maryland (1964 Replacement Volume), title