Ch. 754                                          LAWS OF MARYLAND

Article 48A - Insurance Code

70S.

(a) The State Treasurer of Maryland shall accept and hold
in trust, when made through the Commissioner, deposits of
securities or funds by insurers as follows:

(1) Deposits required for a certificate of authority
to engage in the insurance business in Maryland.

(2) DEPOSITS REQUIRED FOR A CERTIFICATE OF AUTHORITY
TO OPERATE AS A HEALTH MAINTENANCE ORGANIZATION IN ACCORDANCE
WITH THE PROVISIONS OF § 19-710(D)(3) OF THE HEALTH - GENERAL
ARTICLE.-----------------------------------------------------------------------------------------------------------------

[(2)] (3) Deposits of domestic, foreign, or alien
insurers when made pursuant to the laws of other states
provinces, and countries as prerequisite for authority to engage
in the insurance business in such state, province, or country.

[(3)] (4) Deposits in such additional amounts as are
permitted to be made by § 113 of this article.

(b) Deposits of securities shall be registered both as to
principal and interest in the name of the State Treasurer of
Maryland as such trustee.

165.

This subtitle shall apply to insurance agents and brokers,
to any and all kinds of insurance and annuities, and to all types
of insurers, INCLUDING NONPROFIT HEALTH SERVICE PLANS, DENTAL
PLAN ORGANIZATIONS, AND HEALTH MAINTENANCE ORGANIZATIONS, except
as to the following:

(1)  Reinsurance.

(2)  The applicability of this subtitle as to
fraternal benefit societies shall be as provided in Subtitle 19.

[(3) The applicability of this subtitle as to
nonprofit health service plans shall be as provided in Subtitle
20. ]

[(4)] (3) The applicability of this subtitle as to
surplus line transactions shall be as provided in Subtitle 13.

166.

As used in this subtitle:

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