Marvin Mandel, Governor                         853

the appropriate performance of the duties of the [Department]
Division and the proper exercise of the powers vested therein. Such
organization shall proceed along functional lines, and shall have as
its purpose efficiency in operation and service to the public.

23.

(1)  As early in the calendar year as is reasonably possible the
Commissioner shall prepare and deliver an annual report to the
Secretary of Licensing and Regulation for review and transmittal
to the Governor and the members of the General Assembly, showing,
with respect to the preceding calendar year:

(a)   List of the authorized insurers transacting insurance business
in Maryland, with such summary of their financial statement as he
deems appropriate;

(b)   Names of all insurers whose business was closed during the
year, the cause thereof, and the amount of assets and liabilities as
ascertainable;

(c)  Names of insurers against which delinquency or similar pro-
ceedings were instituted, and a concise statement of the facts with
respect to each such proceeding and the status thereof;

(d)  Recommendations of the Commissioner as to amendments or
supplementation of laws affecting insurance, and as to matters
affecting the Division; and

(e)   Such other pertinent information and matters as the Com-
missioner deems proper.

(2)  As early in each fiscal year as is reasonably possible the
Commissioner shall prepare and deliver a supplementary report to
the Secretary of Licensing and Regulation for review and transmit-
tal to the Governor and the members of the General Assembly, pro-
viding, with respect to the preceding fiscal year, a statement of
fees and taxes received and paid by him into the State treasury.

Sec. 8. And be it further enacted by the General Assembly of
Maryland, That Section 192 of Article 41 of the Annotated Code
of Maryland (1957 Edition, 1965 Replacement Volume, 1969 Supple-
ment), title "Executive and Administrative Departments," subtitle
"Finance Department" be and it is hereby repealed and new Sec-
tions 192, 192A, 192B be and the same are hereby added to the
same Article and subtitle to follow immediately after Section 191
thereof and to stand in the place and stead of the section so re-
pealed, all to read as follows:

192.

There shall be a Commissioner of Small Loans whose office shall
be a part of the Department of Licensing and Regulation and who
shall be appointed by the Secretary of Licensing and Regulation,
with the approval of the Governor, and who shall receive such
salary as shall be provided in the budget. The Commissioner shall
not engage in the business of making loans, and he shall not be a
stockholder, officer or director of any corporation or member of
any partnership engaged in the business of making loans. The Com-
missioner shall devote his full time to the duties of his position.