Ch. 203                                    1995 LAWS OF MARYLAND

(2) WITH RESPECT TO ANY ONE LIFE, REGARDLESS OF THE
NUMBER OF POLICIES OR CONTRACTS:

(I)      $300,000 IN LIFE INSURANCE DEATH BENEFITS, BUT NOT
MORE THAN $100,000 IN NET CASH SURRENDER AND NET CASH WITHDRAWAL
VALUES FOR LIFE INSURANCE;

(II)     $300,000 IN HEALTH INSURANCE BENEFITS, INCLUDING
ANY NET CASH SURRENDER AND NET CASH WITHDRAWAL VALUES; AND

(III)   $100,000 IN THE PRESENT VALUE OF ANNUITY BENEFITS.
INCLUDING NET CASH SURRENDER AND NET CASH WITHDRAWAL VALUES.

528.

(2) There shall be [3] 2 classes of assessments, as follows:

(a)     Class A assessments shall be made for the purpose of meeting
administrative costs and other general expenses not related to a particular impaired OR
INSOLVENT insurer; AND

(b)     Class B assessments shall be made to the extent necessary to carry out
the powers and duties of the Corporation [under § 527 of this subtitle] with regard to an
impaired [domestic] OR INSOLVENT insurer [; and

(c)     Class C assessments shall be made to the extent necessary to carry out
the powers and duties of the Corporation under § 527 of this subtitle with regard to an
impaired foreign or alien insurer].

[(3) (a) The amount of any Class A assessment for each account shall be
determined by the Board. The amount of any Class B or Class C assessment shall be
divided among the accounts in the proportion that the premiums received by the impaired
insurer on the policies' covered by each account bears to the premiums received by such
insurer on all covered policies.

(b)     Class A and Class C assessments against member insurers for each
account shall be in the proportion that the premium received on business in this State by
each assessed member insurer on policies covered by each account bears to such
premiums received on business in this State by all assessed member insurers.

(c)     Class B assessment for each account shall be made separately for each
state in which the impaired domestic insurer was authorized to transact insurance at any
time, in the proportion that the premiums received on business in such state by the
impaired insurer on policies covered by such account bears to such premiums received in
all such states by the impaired insurer. The assessments against member insurers shall be
in the proportion that the premiums received on business in each such state by each
assessed member insurer on policies covered by each account bears to such premiums
received on business in each such state by all assessed member insurers.

- 1972 -