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Ch. 577
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1850
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LAWS OF MARYLAND
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estimated insufficiency for the ensuing calendar year required to
be made by the board of trustees under § 243A(c).]
[(e) The executive director of the Maryland Automobile
Insurance Fund shall annually, on or before March 1, submit to
the Insurance Commissioner, a detailed report showing how the
moneys received by the Fund from the insufficiency assessment
were used during the preceding calendar year.]
[(f) The certified, estimated insufficiency for the ensuing
calendar year by the board of trustees of the Maryland Automobile
Insurance Fund under § 243A(c) shall be calculated without regard
to the amount on deposit in the insufficiency assessment reserve
fund. Any reduction of the assessment against each member of the
Industry Automobile Insurance Association, because of the amount
on deposit in the insufficiency assessment reserve fund, shall be
made by the board of directors of the association. After
receiving the certification of the estimated insufficiency from
the board of trustees of the Maryland Automobile Insurance Fund
and calculating the total amount of each member's assessment
necessary to make up the estimated insufficiency, as provided in
§ 243M(d), the board of directors of the Industry Automobile
Insurance Association shall allow each member of the association
a credit for its proportionate share of any unused assessment on
deposit in the reserve fund, as well as the amount of the gross
surplus recoupment which it has deposited with the association
against the assessment payable by such member.]
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SECTION 2. AND BE IT FURTHER ENACTED, That Section(s)
243N(g) of Article 48A - Insurance Code, of the Annotated Code of
Maryland be renumbered to be Section(s) 243N(d).
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SECTION 2 3. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1983.
Approved May 31, 1983.
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CHAPTER 578
(House Bill 392)
AN ACT concerning
Oysters - Somerset County - Power Dredging
FOR the purpose of allowing a person to catch oysters with a
power dredging license in certain waters of the State that
lie contiguous to Somerset County; exempting this Act from
the applicability of certain provisions of law; providing
for the applicability of this Act in certain of these
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