MARVIN MANDEL, Governor                                      91

however, there is no basis for making a
finding of death, the guardianship
proceedings can be terminated under
subsection (b), in which case a certain
portion of the estate will be paid to the
Absentee Insurance Fund and the balance to
the absentee's personal representatives.

SEC. 3-107. ABSENTEE INSURANCE FUND.

(A)   IN GENERAL.

AFTER TERMINATION OF THE GUARDIANSHIP UNDER
§3-106(B), THE COURT SHALL:

(1)   DEDUCT FOR THE INSURANCE FUND A SUM
EQUAL TO THE PERCENT OF THE TOTAL VALUE OF THE
PROPERTY REMAINING, INCLUDING THE AMOUNT PAID TO THE
ABSENTEE'S PERSONAL REPRESENTATIVE FROM POLICIES OF
INSURANCE ON THE ABSENTEE'S LIFE; AND

(2)   DIRECT ITS PAYMENT TO THE TREASURES OF
THE STATE.

(B)   SEPARATE ACCOUNTING.

THE TREASURES SHALL KEEP THE      SUM PAID TO HIM

UNDER SUBSECTION (A) IN THE BANKS   HE CONSIDERS PROPER

AND MAKE A SEPARATE ACCOUNTING     OF IT TO THE
COMPTROLLER.

(C)   BATES.

THE TREASURER SHALL FROM TIME TO TIME PRESCRIBE
THE RATE TO BE CHARGED FOR THE INSURANCE FUND ON THE
BASIS OF ACTUARIAL EXPERIENCE.

(D) INCREASE IN VALUE OF FUND.

IF AT ANT TIME THE ABSENTEE INSURANCE FUND
INCREASES TO AN AMOUNT ACTUARIALLY FOUND TO BE IN
EXCESS OF REASONABLE REQUIREMENTS, ON APPLICATION BY
THE TREASURER THE COURT MAY AUTHORIZE HIM TO REDUCE
THE FOND BY AN AMOUNT TO BE PAID INTO THE GENERAL FUND
OF THE STATE TREASURY.

REVISOR'S NOTE: This section is new language
derived from Art. 16, §210 (1), (2), and
(4) and §207(b). The portion of Art. 16,
§210(1) referring to termination of
receivership and exceptions in cases where