HARRY HUGHES, Governor

483

CHAPTER 99

(Senate Bill 117)

AN ACT concerning

Public Service Commission - Cancellation or Revocation of
Taxicab Insurance or Bonds

FOR the purpose of increasing the number of days of notice
required before taxicab liability insurance or bonds may be
canceled or revoked; and providing an exception for the
Maryland Automobile Insurance Fund.

BY repealing and reenacting, with amendments,

Article 78 - Public Service Commission Law

Section 47(b)

Annotated Code of Maryland

(1980 Replacement Volume and 1983 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article 78 - Public Service Commission Law

47.

(b) (1) No cancellation or revocation of any insurance
policy or bond required by subsection (a) of this section shall
be effective except after [thirty] 45 days from the actual
receipt by the Commission of written notice from the revoking
party. The Commission may at any time require new or additional
bond or insurance as a condition of operation if in its judgment
the existing protection is inadequate in any respect.

(2) THE 45-DAY NOTICE REQUIREMENT UNDER THIS
SUBSECTION DOES NOT APPLY TO A POLICY ISSUED BY THE MARYLAND
AUTOMOBILE INSURANCE FUND. CANCELLATION OR REVOCATION OF AN
INSURANCE POLICY OR BOND ISSUED BY THE MARYLAND AUTOMOBILE
INSURANCE FUND MAY NOT BE EFFECTIVE EXCEPT AFTER 30 DAYS FROM THE
DATE OF ACTUAL RECEIPT BY THE COMMISSION OF A WRITTEN NOTICE FROM
THE MARYLAND AUTOMOBILE INSURANCE FUND.

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

Approved May 8, 1984.