2356                                 LAWS OF MARYLAND                               Ch. 687

Article 48A - Insurance Code

387A.

Wholesale life insurance is defined to be life
insurance distributed on a mass merchandising basis and
administered by group methods provided, with or without
evidence of insurability, by individual policies and made
available to employees or members under a program sponsored
by (a) an employer, (b) an association of employers, (c) a
union or association of unions, (d) an association of
persons having the same occupation or profession, (e) an
association of civil service employees, (f) a religious,
charitable, recreational, educational, civic, or fraternal
organization or association, (g) a school, (h) a sports
team, (i) a volunteer fire department, or (j) any
[substantially similar] group approved by the Commissioner,
WHICH:

(1)  HAS A COMMON ADMINISTRATIVE CAPACITY;

(2)  IS NOT ORGANIZED PRIMARILY FOR THE SALE OF
INSURANCE; AND

(3)  HAS SUFFICIENT NUMBERS TO ALLOW FOR LOWER
RATES.

The program may also cover dependents of [such] THE
employees or members.

An arrangement for premium payment such as salary
deduction, salary savings or payroll allotment shall not in
and of itself cause a policy to be classified as wholesale
life insurance.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1980.

Approved May 20, 1980.

CHAPTER 688

(House Bill 1993)

AN ACT concerning

Caroline County - Manufacturers' Tax Exemption

FOR the purpose of providing that certain industries in
Caroline County are not exempt from assessment and from
county and municipal taxes.

BY repealing and reenacting, with amendments,