PARRIS N. GLENDENING, Governor                               Ch. 36

(2)     "HEALTH INSURANCE" INCLUDES EACH INSURANCE APPERTAINING
TO HEALTH INSURANCE.

(3)     "HEALTH INSURANCE" DOES NOT INCLUDE WORKERS'
COMPENSATION INSURANCE.

REVISOR'S NOTE: This subsection is new language derived without substantive
change from former Art. 48A, § 66.

The Insurance Article Review Committee notes, for consideration by the
General Assembly, that there is no precise meaning for "insurance
appertaining to health insurance". Since insurance that belongs as a proper
function or part of health insurance seems to be contemplated by paragraph
(1) of this subsection, paragraph (2) of this subsection is unnecessary and
confusing.

Defined term: "Insurance" § 1-101

(R) INDEPENDENT AGENT.

"INDEPENDENT AGENT" MEANS AN AGENT:

(1)     THAT IS NOT OWNED OR CONTROLLED BY AN INSURER OR GROUP
OF INSURERS;

(2)     THE APPOINTMENT OF WHICH DOES NOT PROHIBIT THE
REPRESENTATION OF MORE THAN ONE INSURER OR GROUP OF INSURERS; AND

(3)     THE APPOINTMENT OF WHICH PROVIDES THAT:

(I)      AT TERMINATION, THE RECORDS OF THE AGENT REMAIN THE
PROPERTY OF THE AGENT; AND

(II)    THE AGENT RETAINS THE USE AND CONTROL OF ALL
EXPIRATIONS INCURRED DURING THE AGENCY.

REVISOR'S NOTE: This subsection is new language derived without substantive
change from former Art. 48A, § 166(b).

Defined terms: "Agent" § 1-101
"Appointment" § 1-101
"Insurer" § 1-101

(S) INSURANCE.

"INSURANCE" MEANS A CONTRACT TO INDEMNIFY OR TO PAY OR PROVIDE A
SPECIFIED OR DETERMINABLE AMOUNT OF MONEY OR BENEFIT ON THE
OCCURRENCE OF A DETERMINABLE CONTINGENCY.

REVISOR'S NOTE: This subsection is new language derived without substantive
change from former Art. 48A, § 2.

(T) INSURANCE BUSINESS.

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