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LAWS OF MARYLAND

Ch. 801

CHAPTER 801

(Senate Bill 236)

AN ACT concerning

Insurance Division — Special General Fund Special
Accounting Procedures

FOR the purpose of requiring certain moneys received by the
Insurance Commissioner to be credited to a special the
general fund; and providing for disbursements from the
fund special accounting procedures,

BY adding to

Article 48A - Insurance Code

Section 33A

Annotated Code of Maryland

(1972 Replacement Volume and 1977 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article 48A — Insurance Code

33A.

ALL MONEY RECEIVED UNDER §§33(I), 41(1), (2), (3), (4)
AND (16), AND 194 OF THIS ARTICLE SHALL BE ACCOUNTED FOR AND
REMITTED TO THE STATE COMPTROLLER, WHO SHALL CREDIT THE

MONEY TO A SPECIAL FUND. THE TREASURER, ON WARRANT FROM THE

COMPTROLLER, SHALL DISBURSE MONEY FROM THE FUND AS PROVIDED

IN THE STATE BUDGET FOR EXAMINATIONS AND AUDITS OF INSURANCE
COMPANIES. GENERAL FUNDS OF THE STATE, BUT SHALL BE HELD BY
THE COMPTROLLER IN A SPECIAL ACCOUNT. THESE MONEYS SHALL BE

USED SOLELY FOR THE PURPOSE OF PAYMENT OF THE COSTS OF

EXAMINATIONS AND AUDITS OF INSURANCE COMPANIES WHEN

APPROPRIATED FOR THIS PURPOSE IN THE ANNUAL BUDGET BILL.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1978.

Approved May 29, 1978.

CHAPTER 802
(Senate Bill 271)
AN ACT concerning