Ch. 396                              LAWS OF MARYLAND

(II) IS DOMICILED ON AND AFTER OCTOBER 27,
1986, IN ANY STATE OF THE UNITED STATES;

(2)  (I) BEFORE OCTOBER 27, 1986, PURCHASED INSURANCE
FROM AN INSURANCE CARRIER LICENSED IN ANY STATE; AND

(II) SINCE OCTOBER 27, 1986, PURCHASED ITS
INSURANCE FROM AN INSURANCE CARRIER LICENSED IN ANY STATE;

(3)  WAS A PURCHASING GROUP UNDER THE REQUIREMENTS OF
THE PRODUCT LIABILITY RISK RETENTION ACT OF 1981 BEFORE OCTOBER
27, 1986; AND

(4)   DOES NOT PURCHASE INSURANCE THAT WAS NOT
AUTHORIZED FOR PURPOSES OF AN EXEMPTION UNDER THE PRODUCT
LIABILITY RISK RETENTION ACT OF 1981, AS IN EFFECT BEFORE OCTOBER
27, 1986.

625.

UNLESS THE PURCHASE IS EFFECTED THROUGH A LICENSED AGENT OR
BROKER ACTING PURSUANT TO THE SURPLUS LINES LAWS AND REGULATIONS
OF SUCH STATE, A PURCHASING GROUP MAY NOT PURCHASE INSURANCE FROM
A RISK RETENTION GROUP THAT IS NOT CHARTERED IN A STATE OR FROM
AN INSURER NOT ADMITTED IN THE STATE IN WHICH THE PURCHASING
GROUP IS LOCATED.

626.

(A) THE COMMISSIONER MAY MAKE USE OF ANY POWERS GRANTED BY
THIS ARTICLE TO ENFORCE THE LAWS OF THIS STATE SO LONG AS THOSE
POWERS ARE NOT SPECIFICALLY PREEMPTED BY THE PRODUCT LIABILITY
RISK RETENTION ACT OF 1981 AS AMENDED BY THE RISK RETENTION ACT
OF 1986.

(B)(1) THE POWERS DESCRIBED IN SUBSECTION (A) OF THIS
SECTION INCLUDE ADMINISTRATIVE AUTHORITY TO INVESTIGATE, ISSUE
SUBPOENAS, CONDUCT DEPOSITIONS AND HEARINGS, ISSUE ORDERS, AND
IMPOSE PENALTIES.

(2) WITH REGARD TO ANY INVESTIGATION, ADMINISTRATIVE
PROCEEDINGS, OR LITIGATION, THE COMMISSIONER SHALL RELY UPON THE
PROCEDURAL LAWS AND REGULATIONS OF THIS STATE.

627.                                                                                                       

A RISK RETENTION GROUP "WHICH VIOLATES ANY PROVISION   OF THIS

ACT IS SUBJECT TO FINES AND PENALTIES APPLICABLE TO LICENSED

INSURERS GENERALLY, INCLUDING REVOCATION OF ITS LICENSE     AND THE
RIGHT TO DO BUSINESS IN THIS STATE.

628.

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