1208

LAWS OF MARYLAND

[Ch. 221

first contract year; and (5) after the third contract
year, the actuarial equivalent, on a basis stated in the
policy and approved by the Commissioner, of any paid—up
annuity required under subsection (a). The cash
surrender value at any time after the date of default but
prior to the date of commencement of annuity payments
shall be not less than the cash surrender value specified
in the contract as of the date of default increased by
interest to the date of surrender, at a rate specified in
the policy and approved by the Commissioner.

543.

(b) As to any person injured in an accident while
occupying a motor vehicle for which the coverage required
by § 539 of this article is in effect, and as to any
person injured by such a motor vehicle as a pedestrian or
while in, on, or alighting from any other vehicle powered
by animal or muscular power, or on or [alighted]
ALIGHTING from an animal, the benefits shall be payable
by the insurer of the motor vehicle.

SECTION 2. AND BE IT FURTHER ENACTED, That Section
477C of Article 48A — Insurance Code, of the Annotated
Code of Maryland (1972 Replacement Volume and 1974
Supplement) be and it is hereby repealed:

Article 48A — Insurance Code

[477C.

All group health insurance policies issued or
delivered in this State, which provide insurance against
expenses incurred for services which optometrists are
licensed to perform under the provisions of Article 43,
shall obligate the insurer, in accordance with the other
provisions of said policies, to insure such expenses when
rendered by an optometrist.]

SECTION 3. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1975.

Approved April 8, 1975.

CHAPTER 222
(House Bill 440)