HARRY HUGHES, Governor                                     1685

In applying the provisions of § 242 of the Insurance Code
(Article 48A) dealing with rates and rate filings, the
Commissioner shall permit an initial premium not in excess of
130% of the rate that would otherwise be applicable if the terms
of the rate filing are such that any portion of the collected
premiums that are ultimately determined as having been in excess
of the Society's costs shall be returned on a nondiscriminatory
basis to the policyholders of the Society.]

4556.

(a)  If, in the judgment of the board of directors, the
affairs of the Society thereby may be administered suitably and
efficiently, the Company may enter into a contract, not to exceed
five years in duration, whereby the affairs of the Society are
administered by a licensed insurer, or a licensed nonprofit
health service plan, subject to such continuing direction by the
board of directors as specified in the articles of incorporation,
the bylaws, and the contract.

(b)  Upon the execution of any contract, the Society shall
promptly file a true copy with the State Insurance Commissioner.
The contract shall become effective 30 days from the date of
filing unless the Commissioner, prior to the effective date,
disapproves the contract as being contrary to law, public policy
or unduly onerous and states the reasons for his findings.]

36. PHYSICIANS MUTUAL LIABILITY INSURANCE COMPANY OF MARYLAND

548.

(A) IN THIS SUBTITLE THE FOLLOWING TERMS HAVE THE MEANINGS
INDICATED.

(B) "LICENSED PHYSICIAN" MEANS ANY PERSON LICENSED TO
PRACTICE MEDICINE IN THE STATE OF MARYLAND.

(C) "PRACTICE OF MEDICINE" HAS THE SAME MEANING AS

"PRACTICE MEDICINE" AS DEFINED IN § 14-101 OF THE HEALTH
OCCUPATIONS ARTICLE.

(D) "PHYSICIAN" MEANS ANY PERSON LICENSED TO PRACTICE
MEDICINE IN THE STATE OF MARYLAND AND ANY PERSON LEGALLY

PRACTICING MEDICINE WITHOUT A LICENSE UNDER § 14-302(1), (2),
(3), OR (5) OF THE HEALTH OCCUPATIONS ARTICLE.

(E) "COMPANY" MENS THE PHYSICIANS MUTUAL LIABILITY

INSURANCE COMPANY OF MARYLAND.

549.

(A) THE PURPOSE OF THIS SUBTITLE IS TO PROVIDE A MECHANISM
FOR THE PAYMENT OF INDEMNITIES TO PERSONS SUFFERING INJURY
ARISING OUT OF THE RENDERING OF OR THE FAILURE TO RENDER
PROFESSIONAL SERVICES BY PHYSICIANS AND TO PROVIDE A MECHANISM