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ROBERT L. EHRLICH, JR., Governor S.B. 463
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certain limited liability company, corporate, and partnership requirements,
certain licensing requirements, and certain education, experience, and
examination requirements; altering certain notice requirements as to the
availability of title insurance; exempting certain real estate transactions from
certain notice provisions as to the availability of title insurance; altering certain
definitions; defining a certain term; terms; making certain conforming changes;
and generally relating to title insurers and title insurance producers.
BY repealing and reenacting, with amendments,
Article - Insurance
Section 2-205, 10-101(i), 10-103(b) and (d), 10-118(d), 10-101(i) and (k),
10-121(j)(d)(1)(i), (j), (k), and (l), and 10-125
Annotated Code of Maryland
(2003 Replacement Volume and 2005 Supplement)
BY adding to
Article - Insurance
Section 10-101(j), 10-121(k), and 10-121.1
Annotated Code of Maryland
(2003 Replacement Volume and 2005 Supplement)
BY repealing and reenacting, without amendments,
Article—Insurance
Section 10-101(a), (b), and (d), 10-103(a) and (e), and 10-118(a), (b), and (c)
Annotated Code of Maryland
(2003 Replacement Volume and 2005 Supplement)
BY repealing and reenacting, with amendments,
Article - Insurance
Section 22-102
Annotated Code of Maryland
(2002 Replacement Volume and 2005 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Insurance
2-205.
(a) (1) Whenever the Commissioner considers it advisable, the
Commissioner shall examine the affairs, transactions, accounts, records, and assets of
each;
(i) authorized insurer;
(ii) management company of an authorized insurer;
(iii) subsidiary owned or controlled by an authorized insurer;
- 3123 -
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