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2890 LAWS OF MARYLAND Ch. 713
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THE CORPORATIONS AND ASSOCIATIONS ARTICLE, EXCEPT THAT:
(1) THE AMOUNT OF ALL ASSESSMENTS MAY NOT
EXCEED A FULL YEAR'S PREMIUM CALCULATED AS OF THE POLICY
ANNIVERSARY NEXT PRECEDING THE TIME OF ASSESSMENT.
(2) THE AMOUNT SPECIFIED IN PARAGRAPH (1)
SHALL BE FURTHER REDUCED IN THE PROPORTION THAT THE
PERCENTAGE OF THE NET BALANCE OF THE STABILIZATION
RESERVE FUND AT THE TIME OF ASSESSMENT BEARS TO
$5,000,000.
(3) UPON THE COMMISSIONER'S APPROVAL, THE
ASSESSABLE LIABILITY OF THE MEMBER POLICYHOLDERS NOT IN
EXCESS OF 5 PERCENT OF ONE YEAR'S ANNUAL PREMIUM MAY BE
EXTINGUISHED.
572.
(A) THE TERMS AND CONDITIONS OF ALL POLICIES
ISSUED BY THE SOCIETY TO ATTORNEYS SHALL BE ESSENTIALLY
UNIFORM IN TERMS AND COVERAGE.
(B) NOTWITHSTANDING THE PROVISIONS OF SUBSECTION
(A), THE SOCIETY MAY PRESCRIBE REASONABLE CLASSIFICATIONS
OF ATTORNEYS AND INSURED ACTIVITIES AND EXPOSURES BASED
ON GOOD FAITH DETERMINATION OF RELATIVE EXPOSURES AND
HAZARDS AMONG CLASSIFICATIONS AND MAY VARY THE LIMITS,
COVERAGES, EXCLUSIONS, CONDITIONS, AND LOSS SHARING
PROVISIONS AMONG CLASSIFICATIONS. ADDITIONALLY, THE
SOCIETY MAY PRESCRIBE, IN THE CASE OF AN INDIVIDUAL
ATTORNEY WITHIN A CLASS, REASONABLE VARIATIONS IN THE
TERMS OF COVERAGE INCLUDING, BUT NOT LIMITED TO,
DEDUCTIBLES AND LOSS SHARING PROVISIONS, BASED UPON THE
INSURED'S PRIOR LOSS EXPERIENCE.
(C) THE SOCIETY MAY REFUSE TO INSURE OR MAY CANCEL
THE POLICY OF AN APPLICANT OR MEMBER WHO HAS BEEN IS
SUSPENDED OR DISBARRED FROM THE PRACTICE OF LAW.
573.
IN APPLYING THE PROVISIONS OF § 242 OF THIS ARTICLE
DEALING WITH RATES AND RATE FILINGS, THE COMMISSIONER
SHALL PERMIT AN INITIAL PREMIUM NOT IN EXCESS OF 130
PERCENT OF THE RATE THAT WOULD OTHERWISE BE APPLICABLE IF
THE TERMS OF THE RATE FILING ARE SUCH THAT ANY PORTION OF
THE COLLECTED PREMIUMS THAT ARE ULTIMATELY DETERMINED AS
HAVING BEEN IN EXCESS OF THE SOCIETY'S COSTS SHALL BE
RETURNED ON A NONDISCRIMINATORY BASIS TO THE
POLICYHOLDERS OF THE SOCIETY.
574.
(A) IF, IN THE JUDGMENT OF THE BOARD OF DIRECTORS,
THE AFFAIRS OF THE SOCIETY MAY BE ADMINISTERED SUITABLY
AND EFFICIENTLY, THE SOCIETY MAY ENTER INTO A CONTRACT,
NOT TO EXCEED FIVE YEARS IN DURATION, WHEREBY THE AFFAIRS
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