1438                             Laws of Maryland                       Ch. 534

carry out the provisions of this part during the ensuing registration
license year. If, in its judgment, the estimated balance of the fund
at the beginning the next registration license year will be insuf-
ficient to meet the needs, the Board shall recommend to the Com-
missioner and the Commissioner shall assess the estimated de-
ficiency:

(i) Against insurers, an aggregate sum which shall not exceed
2% of the aggregate net direct written premiums of all insurers
during the preceding calendar year as shown by the records of the
Insurance Commissioner, which assessment shall not be deducted
from any other assessment or tax required by law, provided, that
the aggregate sum shall be apportioned among insurers in the pro-
portion that the net direct written premiums of each bears to the
aggregate net direct written premiums of all insurers during the
preceding calendar year as shown by the records of the Commis-
sioner of Insurance; and

(ii) Against those persons registering uninsured motor vehicles
during the ensuing registration license year the remainder of the
estimated deficiency, with each person paying for each uninsured
motor vehicle he registers a sum to be determined by dividing the
remainder of the estimated deficiency by the number of uninsured
motor vehicles registered during the last preceding registration
license year; provided that for the purpose of rounding out the
amount so determined the Unsatisfied Claim and Judgment Fund
Board, in its discretion, may increase it by a sum not exceeding
forty-nine cents ($.49). Whenever the formula under the previous
sentence results in a fee for uninsured motorists which in the
opinion of the Board may be difficult of collection because of the
amount of the fee, the Board in its discretion, may set the unin-
sured fee at a lesser sum which is more collectible and which will
produce optimum revenue for the Fund. Any person registering a
motor vehicle other than an uninsured motor vehicle, if the motor
vehicle becomes an uninsured motor vehicle at any time during the
registration year, shall immediately notify the Commissioner thereof
and pay the amount prescribed in this paragraph or return his regis-
tration certificate and plates prior to the time when the motor vehicle
becomes uninsured. If it appears that the motor vehicle has become
an uninsured motor vehicle for not longer than twenty days, and
evidence of the existence of insurance in effect is submitted to the
Commissioner, the amount payable shall be limited to twenty-five
per centum (25%) of the charge. Any person who fails to comply
with a notice by the Commissioner hereunder to return his regis-
tration certificate and plates or pay the amount prescribed here-
under within the time specified in the notice, shall be subject to an
additional charge of twenty-five dollars ($25.00). These charges shall
be in addition to any other amounts due under this section and the
proceeds of all the charges shall be paid into the fund.

§ 7-603.2. Insured persons.

On or after March 1, 1964, any person who at the time of a motor
vehicle accident is an insured person within the meaning of an auto-
mobile liability insurance policy issued by or on behalf of an insurer
authorized to do such business in accordance with the provisions
of Article 48A of this Code, entitled "Insurance Code" shall be deemed
to meet the financial responsibility requirements of this Article not-