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ROBERT L. EHRLICH, JR., Governor Ch. 565
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(3) (i) v An exempt commercial policyholder must certify in writing, on a
form approved by the Commissioner, to the insurer issuing coverage and the
Commissioner that it meets the criteria necessary for exemption from form filing
requirements.
(ii) The certification must include:
1. specific reference to the optional criteria that the insured
has satisfied to qualify as an exempt commercial policyholder;
2. information required by the Commissioner for the purpose
of determining the annual aggregate premiums of the insured for purposes of
paragraph (l)(i) of this subsection; and
3. an acknowledgment by the insured that the policy form,
endorsement, or modification intended for use has not been filed with the
Commissioner.
(4) This subsection does not apply to the filing of workers' compensation
insurance policy forms.
(5) The Commissioner may require, by regulation, that insurers provide
information to the Administration on the number and types of policies written for
exempt commercial policyholders under this subsection.
(6) On written request of the Commissioner, an insurer shall file with
the Commissioner a form or endorsement issued to an exempt commercial
policyholder.
(7) Except for the exemption from form filing requirements under this
section, a form or endorsement issued to an exempt commercial policyholder is subject
to all applicable provisions of this article.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2006.
Enacted May 26, 2006.
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CHAPTER 565
(House Bill 257)
AN ACT concerning
State Treasurer - Authorized Investments - Commercial Paper
FOR the purpose of altering the characteristics of certain commercial paper in which
the State Treasurer may invest or reinvest unexpended or surplus money;
authorizing investment or reinvestment in certain money market mutual funds
that may contain commercial paper holdings under certain circumstances;
requiring the State Treasurer to notify certain officials and the governing bodies
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- 2731 -
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