PARRIS N. GLENDENING, Governor

Ch. 36

In paragraph (2)(iii) of this subsection, the former reference to an
"interinsurance exchange" is deleted as included in the defined term
"reciprocal insurer".

Defined terms: "Alien insurer" § 1-101
"Insurance" § 1-101
"Insurance business" § 1-101
"Insurer" § 1-101
"Person" § 1-101
"Premium" § 1-101
"Reciprocal insurer" § 1-101
"Reinsurance" § 1-101
"Underwrite" § 8-201

(D) UNDERWRITE.

"UNDERWRITE" MEANS TO ACCEPT OR REJECT RISKS FOR AN INSURER.

REVISOR'S NOTE: This subsection is new language derived without substantive
change from former Art. 48A, § 665(3).

The former reference to "the authority" to accept or reject risks is deleted as
surplusage.

Defined term: "Insurer" § 1-101

8-202. CERTIFICATE OF QUALIFICATION REQUIRED.

A PERSON MUST OBTAIN A CERTIFICATE OF QUALIFICATION BEFORE THE
PERSON ACTS AS A MANAGING GENERAL AGENT IN THE STATE.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 666(a).

The former term "subsisting", which modified "certificate of qualification", is
deleted as inherent in the requirement that the person obtain a certificate of
qualification.

Defined terms: "Certificate of qualification" § 8-201
"Managing general agent" § 8-201
"Person" § 1-101

8-203. APPLICATIONS FOR CERTIFICATE OF QUALIFICATION.

AN APPLICANT FOR A CERTIFICATE OF QUALIFICATION SHALL:

(1)     FILE WITH THE COMMISSIONER AN APPLICATION ON THE FORM
THAT THE COMMISSIONER PROVIDES; AND

(2)      PAY TO THE COMMISSIONER THE FEE REQUIRED BY § 2-112 OF THIS
ARTICLE.

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