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Session Laws, 1988
Volume 770, Page 1505   View pdf image
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WILLIAM DONALD SCHAEFER, Governor                     Ch. 29

(5) THE METHOD BY WHICH, AND THE PERSON OR PERSONS,
IF ANY, THROUGH WHOM THE INSURANCE WILL BE OFFERED TO GROUP
MEMBERS WHOSE RISKS ARE RESIDENT OR LOCATED IN THIS STATE;

[(d)] (6) The principal place of business of the purchasing
group; and

[(e)] (7) Such other information as the Commissioner may
require in order to verify that the purchasing group is qualified
under § 617(j) of this subtitle.

(B) A PURCHASING GROUP SHALL NOTIFY THE COMMISSIONER, IN
WRITING WITHIN 10 DAYS, OF ANY CHANGES IN ANY OF THE ITEMS SET
FORTH IN SUBSECTION (A) OF THIS SECTION.

624.

(a)  A purchasing group shall provide the Commissioner with
a statement of registration, FOR WHICH THE COMMISSIONER SHALL
DETERMINE A FILING FEE, designating the Commissioner as its agent
for the purpose of receiving service of legal documents or
process.

(b)  The requirements of subsection (a) of this section do
not apply to a purchasing group which:

(1)  (i) Was domiciled before April 1, 1986; and

(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] ONLY PURCHASES 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.

625A.

(A) TAXES ON PREMIUMS PAID FOR COVERAGE OF RISKS RESIDENT
OR LOCATED IN THIS STATE BY A PURCHASING GROUP OR ANY MEMBER OF
THE PURCHASING GROUP SHALL BE IMPOSED IN ACCORDANCE WITH § 60 OF
THIS ARTICLE.

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Session Laws, 1988
Volume 770, Page 1505   View pdf image
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