1638                                       LAWS OF MARYLAND                                   Ch. 444

for insurance; and requiring that the Insurance Commissioner
shall make certain reports at certain times on the effect of
competitive rating on insurance markets.

BY repealing and reenacting, with amendments,

Chapter 737 of the Acts of the General Assembly of 1984
Section 2

BY adding to

Article 48A - Insurance Code

Section 244W

Annotated Code of Maryland

(1979 Replacement Volume and 1985 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF

MARYLAND, That the Laws of Maryland read as follows:

Chapter 737 of the Acts of 1984

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall
take effect July 1, 1984. [It shall remain effective for a

period of two 5 years and, at the end of June 30, 1986 1989, and
with no further action required by the General Assembly, Subtitle
16B. "Regulation of Competitive Rating" as enacted by this Act
shall be abrogated and of no further force and effect. On July
1, 1986, Section 242(c) as enacted by this Act shall be revived
and the Michie Publishing Company shall include Section 242(c) in
the Annotated Code of Maryland as it existed before July 1,
1984.]

244W.

(A) SUBJECT TO § 2-1312 OF THE STATE GOVERNMENT ARTICLE,
THE COMMISSIONER SHALL PROVIDE DETAILED REPORTS ON A CURRENT
CONTINUING BASIS TO THE GOVERNOR, THE GENERAL ASSEMBLY, AND THE
SECRETARY OF LICENSING AND REGULATION ON THE EFFECT OF
COMPETITIVE RATING ON THE INSURANCE MARKETS IN THIS STATE.

(B) THE REPORTS SHALL BE SUBMITTED ON OR BEFORE JUNE 1 AND
DECEMBER 1 OF EACH YEAR.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall

take effect June 30, 1986.

Approved May 13, 1986.