MARVIN MANDEL, Governor

2613

Replacement Volume and 1974 Supplement) to read as
follows:

Article 48A — Insurance Code

PROFESSIONAL LIABILITY FUND

547.

THIS SUBTITLE SHALL BE KNOWN AND MAY BE CITED AS THE
"PROFESSIONAL LIABILITY FUND ACT."

548.

THE PURPOSE OF THIS SUBTITLE IS TO CREATE A PROGRAM
TO:

(A)    AUTHORIZE AND ESTABLISH A PROGRAM WHICH WOULD
MAKE PROFESSIONAL LIABILITY INSURANCE AVAILABLE TO ALL
QUALIFIED APPLICANTS, WITH THE LEAST POSSIBLE
ADMINISTRATIVE DETAIL AND EXPENSE, SUBJECT TO THE
CONDITIONS SET FORTH IN THIS SUBTITLE;

(B)    PROVIDE FOR OPERATION OF THE POOL BY LICENSED
INSURERS THROUGH THE FACILITIES OF THE JOINT INSURANCE
ASSOCIATION; AND

(C)    PUBLICIZE THE PURPOSES AND PROCEDURES OF THIS
ACT SO THAT A PERSON MAY NOT FAIL TO SEEK ITS ASSISTANCE
THROUGH IGNORANCE.

549.

(A)    IN THIS SUBTITLE, THE FOLLOWING WORDS HAVE THE
MEANINGS INDICATED UNLESS THE CONTEXT OTHERWISE REQUIRES:

(B)    "COMMISSIONER" MEANS THE COMMISSIONER OF
INSURANCE OF THE STATE OF MARYLAND.

(C)     "PROFESSIONAL LIABILITY INSURANCE" MEANS
COVERAGES WHICH ARE PROVIDED IN STANDARD POLICIES OF
HOSPITAL PROFESSIONAL LIABILITY; PHYSICIANS, SURGEONS AND
DENTISTS PROFESSIONAL LIABILITY; MISCELLANEOUS MEDICAL
PROFESSIONAL LIABILITY AND LAWYERS PROFESSIONAL
LIABILITY, ALL AS APPROVED BY THE COMMISSIONER, AND
INSURANCE FOR OTHER FORMS OF PROFESSIONAL LIABILITY AS
THE COMMISSIONER SHALL DESIGNATE.

(D)     "MARYLAND PROFESSIONAL LIABILITY POOL" OR
"POOL" MEANS THE POOL FORMED PURSUANT TO THIS SUBTITLE.

(E)   "PROFESSIONAL LIABILITY INSURANCE POLICY" OR
"POLICY" MEANS A ONE-YEAR POLICY FOR PROFESSIONAL
LIABILITY INSURANCE ISSUED BY OR REINSURED BY THE POOL.