1682 LAWS OF MARYLAND Ch. 129
(b) Within 30 days of their appointment by the Governor,
the initial board of directors shall cause articles of
incorporation and bylaws to be prepared and filed in accordance
with the law of Corporations (Article 23) and the Insurance Code
(Article 48A) of the Code, including the provisions of this
subtitle.
(c) Upon approval of application for the certificate of
authority the Commissioner shall issue the certificate
authorizing the Society OR SUBSIDIARIES OF THE SOCIETY to issue
policies of casualty insurance as follows:
(1) Insurance against liability of physicians OR
OTHER HEALTH CARE PROVIDERS for injury arising out of the
rendering of or failure to render professional services by the
insured.
(2) Insurance against the liability of any person for
whose acts or omissions a physician OR OTHER HEALTH CARE PROVIDER
is responsible under the provisions of paragraph (1), or with
whom he is associated, including partners, employees, employers,
associates, consultants, or a professional service corporation
whose stock is owned by an insured.
(3) Insurance against other liability for injury by
persons employed in, by property used in, or by activities
incidental to, the practice of medicine OR OTHER HEALTH
OCCUPATIONS by the named insured, when issued as incidental
coverage with or supplemental to insurance specified in paragraph
(l).]
(D) UPON APPROVAL OF APPLICATION FOR THE CERTIFICATE OF
AUTHORITY, THE COMMISSIONER SHALL ISSUE THE CERTIFICATE
AUTHORIZING THE SOCIETY OR ITS SUBSIDIARIES TO ISSUE POLICIES OF
PROPERTY AND CASUALTY INSURANCE THAT ARE RELATED TO THE
PROVISION OF HEALTH CARE OR TO HEALTH CARE FACILITIES USED BY
PHYSICIANS OR OTHER HEALTH CARE PROVIDERS WHERE HEALTH CARE IS
PRACTICED ON A REGULAR BASIS.
[552.
(a) Prior to the expiration of 15 days from June 1, 1975,
the State Board of Medical Examiners shall certify to the State
Treasurer a list of all licensed physicians as shown in the
records of the State Board of Medical Examiners as of June 1,
1975.
(b) A special one-time tax for the privilege of practicing
medicine in Maryland is levied on licensed physicians listed by
the State Treasurer in accordance with subsection (a) in the
amount of $300 per licensed physician, to be levied, assessed,
and collected by the State Treasurer. The tax does not apply to
any licensed physician who submits a statement, sworn to under
penalties of perjury, stating that he has permanently terminated
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