WILLIAM DONALD SCHAEFER, Governor                      Ch. 11

(4)  Assess and collect from each member of the
Association an amount equal to each member's net direct written
premium in each category for the most recent calendar year
determined by the Insurance Commissioner multiplied by the
appropriate assessment allocation percentage as determined in
[(2) above] PARAGRAPH (2) OF THIS SUBSECTION and as adjusted for
any recoupment surplus or shortfall experienced by any member for
the previous applicable surcharge year.

(5)  Deposit the assessment payment as required by §
243A(b) OF THIS ARTICLE.

DRAFTER'S NOTE: This corrects stylistic errors in internal
references and in cross-references in Article 48A,
243M(d).

The stylistic errors in the internal references
occurred in Ch. 577 of the Acts of 1983. The
stylistic errors in the cross-references occurred in
Ch. 241 of the Acts of 1976 and in Ch. 577 of the Acts
of 1983.

The stylistic errors in the internal references were
noted by the Michie Company. The stylistic errors in
the cross-references were noted by the professional
staff of the Legislative Division of the Department of
Legislative Reference.

256.

(a)  If the minimum surplus to be maintained under the
requirements of § 49 OF THIS ARTICLE becomes impaired, or the
assets of a mutual insurer are less than its liabilities and the
minimum amount of surplus required to be maintained by it under
[§§ 252, 253, or 255] § 252, § 253 OR § 255 OF THIS ARTICLE for
authority to engage in the kind or kinds of insurance business
being transacted, the Commissioner shall at once determine the
amount of deficiency and serve notice upon the insurer to make
good the deficiency within sixty days after service of such
notice.

(b)  The deficiency may be made good in cash or in assets
eligible for the investment of the insurer's funds under
Subtitles 6 or 7 OF THIS ARTICLE; or if a stock insurer, by
reduction of the insurer's capital to an amount not below the
minimum required for the kinds of insurance business thereafter
to be transacted; or if a mutual insurer, by amendment of its
certificate of authority to cover only such kind or kinds of
insurance business thereafter for which the insurer has
sufficient surplus under this article.

DRAFTER'S NOTE: This corrects stylistic errors in
cross-references in Article 48A, § 256(a) and (b).

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