1428                               Laws of Maryland                          Ch. 534

Commissioner shall not approve, and his failure to approve or dis-
approve shall not be deemed an approval of, a form of policy which
does not meet the minimum requirements specified in this subtitle.
And provided further that when a policy of insurance has been issued
which purports to be under the terms of this subtitle, or when a duly
authenticated certificate of the insurance carrier has been furnished
to the department or the Public Service Commission as the case may
be under the terms of this subtitle, the insurance carrier shall be
obligated at least to the extent of the minimum requirements of this
subtitle, any provision of the policy of insurance to the contrary
notwithstanding.

(b)    If within the 30 days the Commissioner of Insurance dis-
approves the form of policy upon the ground that it does not comply
with the requirements of this subtitle, he shall give written notice
thereof and his reasons therefor to the carrier and to the department
or the Public Service Commission as the case may be, and the policy
shall not be accepted as proof of financial responsibility under this
subtitle, provided that, if after a form of policy shall have been ap-
proved by the Insurance Commissioner, either by his failure to take
formal action thereon, or otherwise, he may at any time for good and
sufficient reason revoke his approval thereof, and give notice of his
disapproval to the carrier and to the department or the Public Serv-
ice Commission as the case may be, and no permits shall be issued by
the department or the Public Service Commission as the case may be,
on the policies, after the receipt of the notice. The department or the
Public Service Commission as the case may be, shall forthwith notify
all persons operating under permits issued on the basis of the dis-
approved policies that the form has been disapproved and that their
permits will stand revoked unless satisfactory proof of financial
responsibility in a policy whose form has been approved by the Insur-
ance Commissioner is submitted within 30 days after the date of
mailing of the notice.

(c)    A policy or policies of insurance shall provide insurance, in
the name of the person insured, to apply to all motor vehicles owned
by the person insured; and in addition thereto shall provide insur-
ance, in the name of the person insured, to apply to any motor vehicle
operated by, but not owned by the person insured. The policy of
insurance shall meet the requirements enumerated hereunder when:

(1)    It designates by explicit description or appropriate reference
all motor vehicles to be insured therein;

(2)    It specifies the name, address and occupation of the person
insured;

(3)    It extends to insure any person using or legally responsible
for the use of any motor vehicle described in the policy, when such
use is with the permission of the insured person named in the policy.

(4) It provides insurance anywhere within the continental limits
of the United States or the Dominion of Canada;

(5) It provides insurance for every insured person on account of
legal liability for damages arising out of the ownership, operation,
maintenance or use of any motor vehicle explicitly described or ap-
propriately referred to in the policy;