102                              LAWS OF MARYLAND                        [CH. 77

and it is hereby repealed and re-enacted, with amendments, to read
as follows:

55.

(2) The Commissioner may refuse to issue or after a hearing
refuse to renew, or may revoke or suspend an insurer's certificate of
authority, in addition to other grounds therefor in this article, if
the insurer:

(i) Violates any provision of this article other than those as to
which refusal, suspension or revocation is mandatory.

(ii) Knowingly fails to comply with any lawful rule, regulation
or order of the Commissioner.

(iii) Is found by the Commissioner to be in unsound condition
or in such condition as to render its further transaction of insurance
business hazardous to its policyholders or to the public.

(iii-a) Is engaged in the writing and issuing of policies in any
jurisdiction in which it operates upon a premium basis which is found
by the Commissioner to be insufficient, insecure or impracticable so
as to endanger the solvency of the insurer.

(iv) As a general scheme or plot without just cause compels
claimants to accept less than the amount due them or to bring suit
against it to secure full payment thereof.

(v) Refuses to be examined or to produce its accounts, records
and files for examination by the Commissioner when required; or
refuses to furnish such other additional information as the Commis-
sioner may deem advisable to consider the application for renewal
of such insurer's certificate of authority.

(vi) Fails to pay any final judgment rendered against it in
Maryland within thirty (30) days after such judgment becomes final.

(vii) Is affiliated with and under the same general management
or interlocking directorate or ownership as another insurer which
transacts direct insurance in Maryland without having a certificate
of authority therefor, except as permitted to a surplus-line insurer
under subtitle 13.

(viii) Is found by the Commissioner to have participated either
with or without the knowledge of an agent or broker in the selling
of motor vehicle insurance without any bona fide intention to sell
such insurance, as evidenced by a persistent pattern or filing of
certificates of insurance together with or closely followed by cancel-
lation notices for such insurance under the Unsatisfied Claim and
Judgment Fund Law.

(ix) Has had its certificate of authority revoked or suspended by
the insurance regulatory agency or department of any other State.

Sec. 2. And be it further enacted, That this Act shall take effect
June 1, 1966.

Approved March 23, 1966.