Marvin Mandel, Governor                         403

account to be escheated having a principal balance of $3 10 (TEN
DOLLARS) or more.

31.

The State Treasurer COMPTROLLER shall present a copy of each
final judgment of escheat to the United States Treasury Department
for payment of the principal due and the interest computed under
regulations of the United States Treasury Department. The pay-

ment received shall be deposited in the general funds of the State

treasury RECEIVED, CREDITED, DISTRIBUTED, AND DE-
POSITED AS PROVIDED BY SECTION 16 OF THIS ARTICLE.

This State shall indemnify the United States for any losses suffered
as a result of the escheat of unclaimed Postal Savings System
accounts. The burden of the indemnification falls upon the fund
into which the proceeds of the escheated accounts have been paid.

33.

This Act may be cited as the Escheat of Postal Savings System
Accounts Act.

Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1971.

Approved April 23, 1971.

CHAPTER 135
(House Bill 250)

AN ACT to repeal and re-enact, with amendments, Section 240A(d)
of Article 48A of the Annotated Code of Maryland (1968 Replace-
ment Volume), title "Insurance Code," subtitle "15. Unfair Trade
Practices," to change the time of notification of intention to cancel
or not to renew motor vehicle liability insurance.

Section 1. Be it enacted by the General Assembly of Maryland,
That Section 240A(d) of Article 48A of the Annotated Code of
Maryland (1968 Replacement Volume), title "Insurance Code," sub-
title "15. Unfair Trade Practices," be and it is hereby repealed and
re-enacted, with amendments, to read as follows:

240A.

(d) The insurer shall see that written notice of intention to
cancel for a reason other than nonpayment of premium or notice
of intention not to renew a policy of motor vehicle liability insurance
issued in this State is sent to the insured not less than [30 days] #£
45 days prior to the date of the proposed cancellation or expiration of
the policy, as the case may be. Notice given the insured by an
insurance broker or agent on behalf of the insurer shall be deemed

32.