HARRY HUGHES, Governor

1133

Approved April 28, 1981.

CHAPTER 100

(Senate Bill 167)

AN ACT concerning

Maryland Insurance Division - Examinations

FOR the purpose of providing that the expenses of certain
examinations done by actuaries of the Maryland
Insurance Division be paid for by the person being
examined.

BY repealing and reenacting, with amendments,

Article 48A - Insurance Code

Section 33

Annotated Code of Maryland

(1979 Replacement Volume and 1980 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be repealed, amended, or enacted to read as follows: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

33.

The expense incurred in any examination made pursuant
to § 30 of this article or pursuant to § 31 concerning
surplus line brokers shall be paid for by the person
examined, as follows:

(i) Each person examined shall pay to the
Commissioner the travel expenses, living expense allowance,
and a per diem as compensation of examiners, ACTUARIES and
typists, to the extent incurred on account of the
examination, all at reasonable rates as established by the
Commissioner.

(ii) A detailed account of the expense
incurred may be presented to the person examined
periodically during the course of the examination or at the
termination of the examination, as the Commissioner deems
proper.

(iii) No person shall pay and no examiner
shall accept any additional emolument on account of any
examination.