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904 Laws of Maryland [Ch. 324
include a public notice that a detailed financial statement may be
examined and/or copied by interested persons at the office of the
County Commissioners.
SEC. 2. And be it further enacted, That this Act shall take effect
July 1, 1972.
Approved May 5, 1972.
CHAPTER 323
(House Bill 1063)
AN ACT to repeal and re-enact, with amendments, Section 96A(b)
of Article 48A of the Annotated Code of Maryland (1972 Replace-
ment Volume), title "Insurance Code," subtitle "Investment of Life
Insurers," to remove the restriction against a domestic life in-
surance company funding a pension, retirement or profit sharing
plan covering less than twenty-five persons.
Section 1. Be it enacted by the General Assembly of Maryland,
That Section 96A(b) of Article 48A of the Annotated Code of Mary-
land (1972 Replacement Volume), title "Insurance Code," subtitle
"Investment of Life Insurers," be and it is hereby repealed and
re-enacted, with amendments, to read as follows:
96A.
(b) Authority of insurer generally.—Any domestic life insurer
may allocate to one or more separate investment accounts in accord-
ance with the terms of a written agreement, any amounts which are
paid to the insurer in connection with a qualified pension, retirement
or profit-sharing plan and which are to be invested by the insurer
in accordance with the agreement and applied to the purchase of
guaranteed income benefits under the insurer's policies or annuity
contracts, whether on the individual or group basis, or to provide
other guaranteed benefits incidental thereto [; provided that at least
25 individuals are covered under the agreement at the time it is
entered into].
Sec. 2. And be it further enacted, That this Act shall take effect
July 1, 1972.
Approved May 5, 1972.
CHAPTER 324
(House Bill 1071)
AN ACT to repeal and re-enact, with amendments, Section 132(a)
of Article 66C of the Annotated Code of Maryland (1970 Replace-
ment Volume), title "Natural Resources," subtitle "Birds, Game
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