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Session Laws, 1981
Volume 741, Page 24   View pdf image
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24

LAWS OF MARYLAND

Ch. 2

817.

(b)  For the purposes of this subtitle, hereditary
disorder means any disorder resultant from the genetic
material DNA (Deoxyribonucleic acid) which is transmitted
from a parent or parents to his or her [child;] CHILD.

Article 48A - Insurance Code

242A.

(c)  (9) The Commissioner shall require that by
September 1, 1980, all title insurance companies subject to
the provisions of this section provide on a uniform basis
whatever financial data including rates, taxes, general
expenses, allocated and unallocated loss adjustment
expenses, licenses, and fees, and all other expenses
relating to the procurement of business not specifically
listed as commissions such as dividends, retainers, stock,
office space, or any other valuable consideration and any
other information the [Commission] COMMISSIONER requires in
the regulation of rates. This information shall be supplied
on forms provided by the Commissioner. The Commissioner, in
cooperation with the Secretary of Licensing and Regulation,
shall conduct a study based on this information and shall
recommend to the 1981 session of the General Assembly
changes in the law, if any, he deems necessary to regulate
title insurance companies.

436P.

(b)  For purposes of this section, an unauthorized
insurer does not include an insurer on whose behalf is
maintained security on deposit with the Commissioner in an
amount, which when added to the actual capital and surplus
of the insurer, is equal to the capital and surplus required
of an authorized insurer under §§48 and 49 of this article.
The security may consist of the following:

[1.] (1) Cash;

[2.] (2) General obligations of, or obligations
guaranteed by, the federal government, this State or any of
its political subdivisions. These obligations shall be
valued at the lower of market value or par value; or

[3.] (3) Any other type of security that would
be acceptable if posted by a domestic or foreign insurer.

468F.

(c) (1) (i) Under any circumstance stated in this
subsection, an insurer or agent shall give to the
prospective purchaser a written statement as required, for
each circumstance, by this subsection.

 

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Session Laws, 1981
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