HARRY HUGHES, Governor

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(1)  To do such acts as may be necessary to
implement, maintain, and administer the plan.

(2)  To receive the amount of compensation
deferred pursuant to § 68 of this article and to use
proceeds, in accordance with any investment election
permitted the employee under the plan, to purchase a fixed
or variable life insurance or annuity contract, or other
investment or savings options as may be permitted under the
plan, or a combination of the same, all to be owned and held
by the board of trustees. Each fixed or variable life
insurance and annuity contract shall be purchased from one
or more insurance companies licensed to write insurance in
Maryland.

(3)  To take other and further actions as may be
necessary to carry out the purposes of this subtitle.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1982.

Approved June 1, 1982.

CHAPTER 628

(House Bill 512)

AN ACT concerning

The Maryland Automobile Insurance Fund

FOR the purpose of altering the method of filling vacancies
in the office of the executive director; providing for
the selection and succession of the Chairman of the
Board of Trustees; providing that the reasonableness
and adequacy of the reserves shall be reviewed at least
annually by the Board of Trustees; making certain
technical corrections and establishing certain
provisions for processing claims made against the
Maryland Automobile Insurance Fund by providing that
judgment may be entered against the defendant in a
summary manner upon his refusal to approve a settlement
negotiated by the Fund; providing the Fund relief
against certain default and consent judgments;
providing the Fund with all the defenses available to
the defendant; empowering the court to order a
defendant to cooperate with the Fund in the defense of
an action; providing a right of appeal from final
orders, decrees, or judgments rendered under this Act
and the rules of the Fund and the Court of Appeals;