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Session Laws, 1966
Volume 678, Page 109   View pdf image (33K)
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J. MILLARD TAWES, Governor                       109

in order to comply with the surplus requirements of the Code
cannot thereafter be repaid or withdrawn without the consent
of the Insurance Commissioner.

Section 1. Be it enacted by the General Assembly of Maryland,
That Subsection 266 of Article 48A of the Annotated Code of Mary-
land (1964 Replacement Volume), title "Insurance," subtitle "17.
Stock and Mutual Insurers," be and it is hereby repealed and
re-enacted, with amendments, to read as follows:

266.

(a)    Any director, officer or member of any stock or mutual in-
surer, or any other person, may loan or advance to such insurer any
sum or sums of money necessary for the purposes of its business, or
to enable it to comply with any surplus requirements, or any other
requirements of the law, and such moneys, and such interest thereon
as may have been agreed upon, not exceeding six per cent per annum,
shall be payable only out of the surplus remaining after providing for
all reserves and other liabilities, and such advance shall not otherwise
be a liability or claim against the insurer or any of its assets. No
commission or promotion expenses shall be paid in connection with
the advance of any such money to the insurer, and the amount of
such advance shall be reported in each annual statement.

(b)    Any loan or advance to a stock or mutual insurer of any sum
or sums of money pursuant to a notice of deficiency made by the
Commissioner under Section 256 may not thereafter be repaid or
withdrawn without the express written consent of the Commissioner.

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

Approved March 23, 1966.

CHAPTER 87
(House Bill 577)

AN ACT to repeal and re-enact, with amendments, Section 3A (c)
of Article 62 of the Annotated Code of Maryland (1965 Supple-
ment), title "Marriages," to increase the fee for performing civil
marriage ceremonies in Allegany County, and to provide for al-
location and distribution of the fee between the clerks, the county
and the Allegany County Historical Society.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 3A (c) of Article 62 of the Annotated Code of Mary-
land (1965 Supplement), title "Marriages," be and it is hereby
repealed and re-enacted, with amendments, to read as follows:

3A.

(c) [The] Except in Allegany County clerks, deputies or other
clerks shall receive for performing a marriage ceremony a fee of
ten dollars ($10.00), of which three dollars ($3.00) shall be retained
by the clerks and deposited and disbursed in the same manner as

 

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Session Laws, 1966
Volume 678, Page 109   View pdf image (33K)   << PREVIOUS  NEXT >>


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