738

LAWS OF MARYLAND

Ch. 241

DAYS AFTER A REQUEST FOR THEM IS MADE BY THE GOVERNOR.

THE GOVERNOR WAY HAKE THAT APPOINTMENT OR APPOINTMENTS
FROM THE PUBLIC AT LARGE. ONE OF THE TRUSTEES SHALL BE
APPOINTED BY THE GOVERNOR AS CHAIRMAN]]. ELEVEN PERSONS.
SELECTED AS FOLLOWS. THE EXECUTIVE DIRECTOR IS A MEMBER
AND CHAIRMAN OF THE BOARD EX OFFICIO, AND, EXCEPT AS

PROVIDED IN SUBSECTION (A), HAS THE POWER TO VOTE. FIVE

MEMBERS SHALL BE APPOINTED BY THE GOVERNOR WITH THE

ADVICE AND CONSENT OF THE SENATE. AND SERVE AT THE
PLEASURE OF THE GOVERNOR. FIVE MEMBERS SHALL BE
APPOINTED BY THE BOARD OF DIRECTORS OF THE INDUSTRY

AUTOMOBILE INSURANCE ASSOCIATION IN ACCORDANCE WITH

§243M. The board of trustees shall advise the executive
director with respect to his exercise of the powers and
duties conferred on him by this subtitle. THE BOARD OF
TRUSTEES SHALL FORMULATE POLICY FOR THE FUND. Each
trustee who is not otherwise an officer or employee of
the State shall receive per diem compensation set by the
Board of Public Works for each day actually engaged in
the discharge of his official duties as a trustee, and
each trustee shall receive reimbursement for all
necessary and proper expenses.

243A.

(c) [[On or before March 31, in each year, each
insurer authorized to write automobile liability
insurance in this State (other than the Fund) shall pay
to the treasurer for the account of the Fund [one percent
(1%)] TWO PERCENT of its net direct written automobile
liability premiums for the previous calendar year as
shown on its annual statement filed with the Commissioner
of Insurance. At any time during the year, the executive
director may calculate the probable amount which, in his
estimation, will be needed to carry out the functions of
the Fund and to meet its obligations for the balance of
the registration year. If, in his judgment, the
estimated balance of the Fund will be insufficient to
meet the needs of the Fund, he shall, WITH THE CONSENT OF
THE BOARD OF TRUSTEES, assess against the said insurers
an amount which shall not exceed the lesser of (i) the
estimated deficiency or (ii) an additional one [percent
(1%)] AND ONE HALF PERCENT of the aggregate net
automobile liability premiums of all such insurers (other
than the Fund) during the preceding year, as shown by the
records of the Commissioner of Insurance; provided,
however, that if the assessment is less than [1%] ONE AND
ONE HALF PERCENT of the said aggregate net automobile
liability premiums, it shall be apportioned among the
insurers in the proportion that the net direct written
automobile liability premiums of each bears to the
aggregate net direct written automobile liability
premiums of all such insurers during the preceding year.
Neither payment by the insurers provided for herein shall
be deducted from any other assessments or tax required by
law, except a retaliatory tax. If in the judgment of the
executive director the estimated balance of the Fund will
exceed the needs of the Fund, he shall accordingly reduce