PARRIS N. GLENDENING, Governor

Ch. 36

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 32.

In subsection (a)(2)(i) of this section, the former reference to the "office" of
the person is deleted as included in the reference to the person's "place of
business".

In subsection (b)(2) of this section, the word "help" is substituted for the
former phrase "facilitate and aid" for brevity.

In subsection (c)(1) of this section, the former reference to an "investigation"
is deleted as included in the reference to an "examination".

Defined terms: "Alien insurer" § 1-101
"Commissioner" § 1-101
"Domestic insurer" § 1-101
"Foreign insurer" § 1-101
"Insurer" § 1-101
"Person" § 1-101

2-208. EXPENSE OF EXAMINATIONS.

THE EXPENSE INCURRED IN AN EXAMINATION MADE UNDER § 2-205 OF THIS
SUBTITLE, § 2-206 OF THIS SUBTITLE FOR SURPLUS LINES BROKERS AND INSURANCE
HOLDING CORPORATIONS, OR § XX-XXX [48A § 486B] OF THIS ARTICLE FOR PREMIUM
FINANCE COMPANIES SHALL BE PAID BY THE PERSON EXAMINED IN THE
FOLLOWING MANNER:

(1)      THE PERSON EXAMINED SHALL PAY TO THE COMMISSIONER THE
TRAVEL EXPENSES, A LIVING EXPENSE ALLOWANCE, AND A PER DIEM AS
COMPENSATION FOR EXAMINERS, ACTUARIES, AND TYPISTS:

(I)      TO THE EXTENT INCURRED FOR THE EXAMINATION; AND

(II)     AT REASONABLE RATES SET BY THE COMMISSIONER;

(2)      THE COMMISSIONER MAY PRESENT A DETAILED ACCOUNT OF
EXPENSES INCURRED TO THE PERSON EXAMINED PERIODICALLY DURING THE
EXAMINATION OR AT THE END OF THE EXAMINATION, AS THE COMMISSIONER
CONSIDERS PROPER; AND

(3)      A PERSON MAY NOT PAY AND AN EXAMINER MAY NOT ACCEPT ANY
COMPENSATION FOR AN EXAMINATION IN ADDITION TO THE COMPENSATION
UNDER PARAGRAPH (1) OF THIS SECTION.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 33.

Defined terms: "Commissioner" § 1-101
"Person" § 1-101
"Premium" § 1-101

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