PARRIS N. GLENDENING, Governor

Ch. 36

In subsection (b)(1) of this section, the reference to a nonprofit "health"
service plan corporation is substituted for the former reference to a nonprofit
"hospital" service plan corporation to conform to terminology used in Title 14
of this article.

Former Art. 48A, § 60(1), which provided that insurers are subject to taxation
according to the provisions of Subtitle 47 of former Art. 48A and that insurers
shall file returns and reports as directed by the Commissioner, is deleted as
unnecessary. Former Subtitle 47 is revised as this title and provisions on
taxation of insurers are provided in this title; therefore, a cross-reference to
other provisions on tax is unnecessary in this title. Similarly, provisions on tax
returns and reports are included in this title.

Former Art. 48A, § 631(a), which provided introductory language for the
definition section of former Subtitle 47, is deleted as unnecessary because
there is no definition section in this title.

Former Art. 48A, § 631(b)(2)(i) and (ii), which provided that a mutual
insurance company and a title insurance company were included in the former
definition of "insurance company", are deleted as unnecessary. A mutual
insurance company and a title insurance company are included in subsection
(a)(1) of this section because they are persons engaged as principals in the
business of writing insurance contracts, surety contracts, guaranty contracts, or
annuity contracts. They are therefore subject to taxation under this title and
need not be mentioned specifically.

Former Art.. 48A, § 631(d), which defined "[p]olicy" to include insurance,
surety, guaranty, and annuity contracts, is deleted as unnecessary because the
term "policy" is not used in revised Title 6 and therefore the term need not be
defined.

Defined terms: "Annuity contract" § 1-101
"Insurance contract" § 1-101
"Person" § 1-101
"Reciprocal insurer" § 1-101
"Unauthorized insurer" § 1-101

6-102. IMPOSITION OF PREMIUM TAX.

(A)     IN GENERAL.

A TAX IS IMPOSED ON ALL NEW AND RENEWAL GROSS DIRECT PREMIUMS OF
EACH PERSON SUBJECT TO TAXATION UNDER THIS TITLE THAT ARE:

(1)     ALLOCABLE TO THE STATE; AND

(2)     WRITTEN DURING THE PRECEDING CALENDAR YEAR.

(B)     PREMIUMS TO BE TAXED.
PREMIUMS TO BE TAXED INCLUDE:

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