PARRIS N. GLENDENING, Governor                               Ch. 36

(IV)   WORKERS' COMPENSATION INSURANCE;

(V)     EMPLOYER'S LIABILITY INSURANCE; AND

(VI)   BOILER AND MACHINERY INSURANCE.

REVISOR'S NOTE: This subsection is new language derived without substantive
change from former Art. 48A, § 68.

Defined terms: "Commissioner" § 1-101
"Insurance" § 1-101

(K) CERTIFICATE OF AUTHORITY.

"CERTIFICATE OF AUTHORITY" MEANS A CERTIFICATE ISSUED BY THE
COMMISSIONER TO ENGAGE IN THE INSURANCE BUSINESS.

REVISOR'S NOTE: This subsection is new language added to provide an express
definition for the term "certificate of authority".

Defined terms: "Commissioner" § 1-101
"Insurance business" § 1-101

(L) COMMISSIONER.

"COMMISSIONER" MEANS THE MARYLAND INSURANCE COMMISSIONER.

REVISOR'S NOTE: This subsection is new language derived without substantive
change from former Art. 48A, §§ 5(1), 478B(3), and 566(c), and former CA §
6-401(b).

The former limitation, "[u]nless context requires otherwise", is deleted as an
unnecessary statement of a general rule of statutory construction.

The reference to the "Maryland Insurance Commissioner" is substituted for
the former references to the "State Insurance Commissioner of Maryland"
and the "State Insurance Commissioner" to use the proper title of the
position. See § 2-101(b) of this article.

(M) CONTROL, CONTROLLING, CONTROLLED BY, OR UNDER COMMON
CONTROL WITH.

"CONTROL", "CONTROLLING", "CONTROLLED BY", OR "UNDER COMMON
CONTROL WITH" MEANS THE DIRECT OR INDIRECT POSSESSION OF THE POWER TO
DIRECT OR CAUSE THE DIRECTION OF THE MANAGEMENT AND POLICIES OF A
PERSON, THROUGH OWNERSHIP OF VOTING SECURITIES OR OF SECURITIES
CONVERTIBLE INTO VOTING SECURITIES, BY CONTRACT OTHER THAN A
COMMERCIAL CONTRACT FOR GOODS OR NONMANAGEMENT SERVICES, OR
OTHERWISE, WHETHER OR NOT THE POWER IS EXERCISED OR SOUGHT TO BE
EXERCISED.

REVISOR'S NOTE: This subsection is new language derived without substantive
change from the first sentences of former Art. 48A, §§ 492(c) and 661(c).

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