PARRIS N. GLENDENING, Governor                               Ch. 36

THIS SECTION DOES NOT EXEMPT SHARES OF STOCK OF A DOMESTIC
CORPORATION FROM THE PROPERTY TAX AND ASSESSMENT MERELY BECAUSE THE
SHARES ARE OWNED BY A PERSON SUBJECT TO TAXATION UNDER THIS TITLE.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 640.

In subsection (a) of this section, the reference to a "person" is substituted for
the former reference to an "insurance company" to conform to § 6-101 of this
title. Similarly, in subsection (b) of this section, the reference to a "person
subject to taxation under this title" is substituted for the former reference to
"insurance company" for consistency.

Also in subsection (a) of this section, the former word "levy" is deleted as
unnecessary in light of the word "impose".

Defined terms: "County" § 1-101
"Insurer" § 1-101
"Person" § 1-101

6-113. COMPLIANCE WITH FILING REQUIREMENT.

A DECLARATION OR REPORT THAT MUST BE FILED UNDER THIS TITLE
COMPLIES WITH THE FILING REQUIREMENT IF THE DECLARATION OR REPORT IS:

(1)     MAILED AND POSTMARKED BY THE UNITED STATES POSTAL
SERVICE ON OR BEFORE THE FILING DATE; OR

(2)     DELIVERED ON OR BEFORE THE FILING DATE TO A PRIVATE
DELIVERY SERVICE RECOGNIZED BY THE COMMISSIONER, IF THE DELIVERY IS
EVIDENCED BY A RECEIPT.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 636(b).

The Insurance Article Review Committee notes, for consideration by the
General Assembly, that the meaning of the reference in item (2) of this
section to a private delivery service "recognized by the Commissioner" is
unclear.

Defined term: "Commissioner" § 1-101

TITLE 7. MARYLAND INSURANCE ACQUISITIONS DISCLOSURE AND CONTROL ACT.

SUBTITLE 1. DEFINITIONS; GENERAL PROVISIONS.
7-101. DEFINITIONS.

(A) IN GENERAL.

IN THIS TITLE THE FOLLOWING WORDS HAVE THE MEANINGS INDICATED.

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