854

LAWS OF MARYLAND

Ch. 232

net direct written premiums of all member insurers for the
preceding calendar year on the kinds of insurance in the
account. Each member insurer shall be notified of the
assessment not later than 30 days before it is due. No
member insurer may be assessed in any year on any account in
an amount greater than 2% of that member insurer's net
direct written premiums for the preceding calendar year on
the kinds of insurance in the account. If the maximum
assessment, together with the other assets of the
Association in any account, does not provide in any one year
in any account an amount sufficient to make all necessary
payments from that account, the funds available shall be
prorated and the unpaid portion shall be paid as soon
thereafter as funds become available. The Association may
exempt or defer, in whole or in part, the assessment of any
member insurer, if the assessment would cause the member
insurer's financial statement to reflect amounts of capital
or surplus less than the minimum amounts required for a
certificate of authority by any jurisdiction in which the
member insurer is authorized to transact insurance. Each
member insurer may set off against any assessment,
authorized payments made on covered claims and expenses
incurred in the payment of such claims by the member insurer
if they are chargeable to the account for which the
assessment is made.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1979.

Approved May 14, 1979.

CHAPTER 233

(Senate Bill 237)

AN ACT concerning

Labor - Employment of Minors

FOR the purpose of permitting the Commissioner of Labor and
Industry to grant an exception under certain conditions
to the hourly working restrictions for minors under 16
years of age.

BY adding to

Article 100 - Work, Labor and Employment

Section 10(f)

Annotated Code of Maryland

(1964 Replacement Volume and 1978 Supplement)