1993 LAWS OF MARYLAND

domestic insurer or certain other persons may be made; altering the conditions for
determining an extraordinary dividend or distribution of certain insurers; altering
provisions that relate to extraordinary dividends or distributions; requiring
notification of the Insurance Commissioner before payment of certain dividends;
conforming the standard for presumption of control of an insurer by a broker to the

  standard for determining control of an insurer by an insurance holding company or
by certain other insurers or persons; altering the time period in the definition of
managing general agent for determining whether the person is acting as a managing
general agent; extending for a certain period provisions relating to the Insurance

   Division and the regulation of insurance; providing for the licensing and regulation
of reinsurance intermediaries by the Insurance Commissioner; requiring

reinsurance intermediaries to meet certain requirements to be licensed; providing
for the term and renewal of a license; authorizing the Insurance Commissioner to
deny a license or suspend, revoke, or refuse to renew a license under certain
circumstances; providing for the duties of reinsurance intermediaries, authorized
insurers that use a reinsurance broker, and reinsurers that use a reinsurance
manager; establishing certain penalties; and generally relating to the regulation of
insurance and reinsurance intermediaries.

BY repealing and reenacting, with amendments,
Article 48A - Insurance Code

Section 15A, 32(3), 494(e), 496(b), 497, 661(c) and 665(2)(i)
Annotated Code of Maryland                                                                  

(1991 Replacement Volume and 1992 Supplement)                               

BY repealing and reenacting, without amendments,                                 

Article 48A - Insurance Code                                         

Section 7(1) and 661(a)                                                                      

Annotated Code of Maryland
(1991 Replacement Volume and 1992 Supplement)

BY adding to                                                                               

Article 48A - Insurance Code

Section 698 through 717 to be under the new subtitle "55. Reinsurance

Intermediaries"                                                                                         

Annotated Code of Maryland
(1991 Replacement Volume and 1992 Supplement)

BY repealing and reenacting, without amendments,
Article - Health - General
Section 19-718(a)

Annotated Code of Maryland                                                                 

(1990 Replacement Volume and 1992 Supplement)                                     

BY repealing and reenacting, with amendments,

Article - Health - General                                                       

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Ch. 405