Ch. 36                                          1995 LAWS OF MARYLAND

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 653(a) and (b)(1).

In subsection (a) of this section, the former reference to the "purposes" of the
Program is deleted as surplusage.

Defined terms: "Commissioner" § 1-101
"Program" § 2-301

TITLE 3. KINDS OF INSURERS.

SUBTITLE 1. STOCK INSURERS AND MUTUAL INSURERS.

3-101. SCOPE OF SUBTITLE.

THIS SUBTITLE APPLIES TO EACH STOCK INSURER AND EACH MUTUAL
INSURER THAT ENGAGES IN OR PROPOSES TO ENGAGE IN THE INSURANCE
BUSINESS IN THE STATE.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 246.

Defined terms: "Insurance business" § 1-101
"Mutual insurer" § 1-101
"Stock insurer" § 1-101

3-102. COMPLIANCE WITH GENERAL CORPORATION STATUTES AND INSURANCE
ARTICLE.

(A)     APPLICABILITY OF GENERAL CORPORATION STATUTES.

EXCEPT AS OTHERWISE SPECIFICALLY PROVIDED IN THIS ARTICLE, EACH
DOMESTIC INSURER SHALL COMPLY WITH THE APPLICABLE PROVISIONS OF THE
CORPORATIONS AND ASSOCIATIONS ARTICLE THAT RELATE TO FORMATION,
POWERS VESTED IN, AND DUTIES OF CORPORATIONS FORMED UNDER THE
GENERAL PROVISIONS OF THE CORPORATIONS AND ASSOCIATIONS ARTICLE.

(B)      APPLICABILITY OF INSURANCE ARTICLE.

UNLESS A CLASS OF CORPORATIONS TO WHICH THIS SUBTITLE APPLIES IS
SPECIFICALLY INCLUDED IN A STATUTE PASSED AFTER DECEMBER 31, 1963, A
DOMESTIC INSURER IS ONLY SUBJECT TO REGULATION UNDER THIS ARTICLE.

REVISOR'S NOTE: This section is new language derived without substantive
change from former CA § 6-513.

In subsections (a) and (b) of this section, the references to "this article" are
substituted for the former obsolete references to "this subtitle" and "Article
48A of the Code". The provisions of Title 6, Subtitle 5 of the Corporations
and Associations Article and the provisions of Article 48A are revised in this
article.

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