HARRY HUGHES, Governor                                    1625

(C) Any recovery under this subtitle shall be reduced by
the amount of recovery from any other insurance guaranty
association or its equivalent.

516.

The rates and premiums charged for insurance policies AND
SURETY BONDS to which this subtitle applies shall include amounts
sufficient to recoup over a reasonable length of time which shall
not be less than three years, a sum equal to the amounts paid to
the Association by the member insurer less any amounts returned
to the member insurer by the Association and such rates shall not
be deemed excessive because they contain an amount reasonably
calculated to recoup assessments paid by the member insurer.

SECTION 2. AND BE IT FURTHER ENACTED, That any amounts in
the surety insurance account and the wet marine and
transportation account on July 1, 1985 shall be transferred to

the account for all other insurance created under § 506(d)(3) of

Article 48A of the Code by this Act.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act is

hereby declared to be an emergency measure and necessary for the
immediate preservation of the public health and safety and having
been passed by a yea and nay vote supported by three-fifths of
all the members elected to each of the two Houses of the General
Assembly, the same shall take effect from the date of its
passage.

Approved May 13, 1986.

CHAPTER 441

(House Bill 324)

AN ACT concerning

Insurance - Health Maintenance Organizations

FOR the purpose of providing the Insurance Commissioner with the

authority to rehabilitate and liquidate insolvent health
maintenance organizations; providing an increase in a
certain maximum fee; providing that the Commissioner may
hire certain experts under certain conditions; and generally
relating to the insolvency, liquidation, and rehabilitation
of health maintenance organizations.

BY repealing and reenacting, with amendments,

Article - Health - General