Ch. 11

LAWS OF MARYLAND

The antiquated language and stylistic errors were
contained in Ch. 553 of the Acts of 1963.

The antiquated language and stylistic errors were
noted by the professional staff of the Legislative
Division of the Department of Legislative Reference.

163.

(a)  Upon the filing and reading of the report and petition
provided for in § 162 OF THIS SUBTITLE, the court, ex parte, may
order the Commissioner to assess all members or subscribers of
the insurer who may be subject to such an assessment, in such ah
aggregate amount as the court finds reasonably necessary to pay
all valid claims as may be timely filed and proved in the
delinquency proceedings, together with the costs and expenses of
levying and collecting assessments and the costs and expenses of
the delinquency proceedings in full. Any such order shall
require the Commissioner to assess each such member or subscriber
for his proportion of the aggregate assessment, according to such
reasonable classification of such members or subscribers and
formula as may be made by the Commissioner and approved by the
court.

DRAFTER'S NOTE: This corrects a stylistic error in a
cross-reference in Article 48A, § 163(a).

The stylistic error occurred in Ch. 553 of the Acts of
1963.

The stylistic error was noted by the professional
staff of the Legislative Division of the Department of
Legislative Reference.

(b)  The court may order additional assessments to all
members or subscribers of the insurer who may be subject to such
an assessment, upon the filing and reading of any amendment or
supplement to the report and petition referred to in subsection
(a) [above] OF THIS SECTION, if such amendment or supplement is
filed within [three (3)] 3 years after the date of the entry of
the order of rehabilitation or liquidation.

DRAFTER'S NOTE: This corrects a stylistic error, in an
internal reference and antiquated language in Article
48A, § 163(b).

The stylistic error occurred in and the antiquated
language was contained in Ch. 553 of the Acts of 1963.

The stylistic error was noted by the Michie Company.
The antiquated language was noted by the professional
staff of the Legislative Division of the Department of
Legislative Reference.

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