480

LAWS OF MARYLAND

Ch. 95

(1) [As early in the] EACH calendar year [as is reasonably
possible] the Commissioner, USING THE MOST RECENT AVAILABLE
INFORMATION, shall prepare and deliver an annual report to the
Secretary of Licensing and Regulation for review and transmittal
to the Governor and, subject to Article 40, § 51 of the Code, to
the members of the General Assembly, showing[, with respect to
the preceding calendar year]:

(a)  List of the authorized insurers transacting
insurance business in Maryland, with such summary of their
financial statement as he deems appropriate;

(b)  Names of all insurers whose business was closed
during the year, the cause thereof, and the amount of assets and
liabilities as ascertainable;

(c)  Names of insurers against which delinquency or
similar proceedings were instituted, and a concise statement of
the facts with respect to each such proceeding and the status
thereof;

(d)  Recommendations of the Commissioner as to
amendments or supplementation of laws affecting insurance, and as
to matters affecting the Division; and

(e)   Such other pertinent information and matters as
the Commissioner deems proper.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1984.

Approved May 8, 1984.

CHAPTER 96

(Senate Bill 113)

AN ACT concerning

Examination of Insurers and Rating Organizations

FOR the purpose of changing the required frequency of
examinations of domestic insurers under the Insurance Code.

BY repealing and reenacting, with amendments,

Article 48A - Insurance Code

Section 30(1)

Annotated Code of Maryland

(1979 Replacement Volume and 1983 Supplement)