1634                                       LAWS OF MARYLAND                                   Ch. 443

(1)  Funds collected from premiums and income accruing
from those funds may be used only for the payment of claims
arising under policies issued by the Fund and for the
administrative expenses of the Fund; [and]

(2)  The Fund shall keep separate records of any
income and expenses directly attributable to the processing and
payment of uninsured claims; AND

(3)  THE FUND SHALL KEEP SEPARATE RECORDS OF ANY

INCOME AND EXPENSES DIRECTLY ATTRIBUTABLE TO ITS COMMERCIAL
POLICY AND CLAIMS OPERATIONS.

243B.

(b) (1) The policy issued by the Fund shall contain the
minimum coverages required by §§ 539 through 542, inclusive, of
this article, and may contain such other provisions as may be
determined by the executive director and approved by the board of
trustees of the Fund and the Commissioner of Insurance.

(2) (I) SUBJECT TO SUBPARAGRAPH (II) OF THIS
PARAGRAPH WHENEVER THE FUND ISSUES A POLICY OF COMMERCIAL
AUTOMOBILE LIABILITY INSURANCE UNDER THIS SUBTITLE, THE FUND MAY
PROVIDE COVERAGES IN ADDITION TO AND IN EXCESS OF THE MINIMUM
COVERAGES REQUIRED BY §§ 539 THROUGH 542, INCLUSIVE, OF THIS
ARTICLE AND BY TITLE 17 OF THE TRANSPORTATION ARTICLE.

(II) THE FUND MAY NOT BE REQUIRED TO PROVIDE
COVERAGES IN ADDITION TO AND IN EXCESS OF THE REQUIRED MINIMUM
COVERAGES FOR ANY APPLICANT OR POLICYHOLDER EXCEPT TO THE EXTENT
THAT REINSURANCE FOR SUCH ADDITIONAL OR EXCESS COVERAGE IS
AVAILABLE AND ACCEPTABLE TO THE FUND.

+

(3) (I) PREMIUM FOR ALL COMMERCIAL COVERAGE SHALL BE
DETERMINED IN ACCORDANCE WITH § 243C OF THIS ARTICLE.

(II) NOTWITHSTANDING        THE        PROVISIONS OF

SUBPARAGRAPH (I) OF THIS PARAGRAPH, THE  RATING  CONSIDERATIONS SET

OUT IN § 243C(A)(2) OF THIS ARTICLE MAY  NOT BE  USED TO DETERMINE
THE PREMIUM FOR COMMERCIAL COVERAGE.

243L.

As used in this subtitle,

(m) "Motor vehicle liability and physical damage insurance"
means those insurance coverages reported as private passenger

auto no-fault, OTHER PRIVATE PASSENGER AUTO LIABILITY, COMMERCIAL

AUTO NO-FAULT, other commercial auto liability, private passenger
auto physical damage, and commercial auto physical damage on the
exhibit of premiums and losses page of the annual statement which
insurers are required to file with the Insurance Commissioner of
the State of Maryland.