914                               LAWS OF MARYLAND                        CH. 487

institutions provided such company agrees to appoint the Commis-
sioner, and his successors in office, as its attorney to receive service
of legal process issued against it in Maryland, such appointment to
be irrevocable and to bind the company and any successor in interest
and to remain in effect as long as there is in force in this State any
contract made by the company or any obligation arising therefrom;
nor shall the provisions of this subtitle apply to any life, disability or
annuity contracts issued by such life insurance company, provided
such contracts otherwise comply with the statutes.

211A.

The provisions of this subtitle 14 shall not apply to the following:

(a)    Reinsurance of the liability of an admitted insurer;

(b)    Insurance against perils of navigation, transit or transpor-
tation upon hulls, freights or disbursements, or other ship owner
interest; upon goods, wares, merchandise and all other personal prop-
erty and interests therein, in course of exportation from or importa-
tion into any country, or transportation coastwise, including trans-
portation by land or water from point of origin to final destination
and including war risks; and marine builder's risks, dry docks and
marine railways, including insurance of ship repairer's liability,
and protection and indemnity insurance, but excluding insurance
covering bridges or tunnels.

(c)    Aircraft insurance;

(d)    Insurance on property or operations of railroads engaged in
interstate commerce;

(e)    Insurance effectuated in accordance with the Surplus Line
Insurance Law, subtitle 13; or

(f)    Insurance against legal liability arising out of the owner-
ship, operation or maintenance of any property having a permanent
situs outside of this State; or

(g)    Insurance against loss of or damage to any property having
a permanent situs outside this State.

(h) To any insurance company or underwriter issuing contracts
of insurance to industrial insureds, nor to industrial insureds, nor
to contracts of insurance issued to industrial insureds. For the
purposes of this section an "industrial assured" is defined to be:
(1) an insured who procures the insurance of any risk or risks by
use of the services of a full-time employee acting as an insurance
manager or buyer or the services of a regularly and continuously
retained qualified insurance consultant, or (2) an insured whose
aggregate annual premiums for insurance on all risks total at least
$100,000 or (3) an insured having at least twenty-five full-time
employees.

Sec. 3. And be it further enacted, That this Act shall take effect
July 1, 1968.

Approved May 7, 1968.