WILLIAM DONALD SCHAEFER, Governor

Ch. 5

this State, shall keep a complete and separate record of all
policies procured from or on behalf of such group.

DRAFTER'S NOTE:

Error: Omitted commas in Article 48A, § 628(a) and
(b)(1).

Occurred: The error in Article 48A, § 628(a) occurred
in Ch. 396, Acts of 1987; the error in Article 48A, §
628(b)(1) occurred in Ch. 29, Acts of 1988.

[Direct Gross Premium Tax]

[Subtitle] 47. Tax on Direct Premiums

631.

(a)  In this subtitle the following words have the meanings
indicated.

(b)  (1) "Insurance company" means:

(i) A person engaged as principal in the
business of writing insurance, surety, guaranty or annuity
contracts (except nonprofit hospital service plan corporations
and fraternal benefit societies, as defined by this article; and
health maintenance organizations authorized in accordance with
Title 19, Subtitle 7 of the Health - General Article); and

(ii) Attorneys-in-fact for reciprocal exchanges
or interinsurers.

(2) "Insurance company" includes:

(i) A mutual insurance company;

(ii) A title insurance company;

(iii) The Maryland Automobile Insurance Fund;

and

(iv) A credit indemnity company.

(c) (1) "Premiums" includes the consideration for surety,
guaranty and annuity contracts, dividends on life insurance
policies which have been applied to purchase additional insurance
or to shorten the premium paying period, and so much of the gross
receipts of title insurance companies as is derived from the
business of insurance or guaranty.

(2) "Premiums" does not include premiums on policies
covering weekly disability benefits on which premiums are payable

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