PARRIS N. GLENDENING, Governor

Ch. 36

Defined terms: "Annuity" § 1-101
"Health insurance" § 1-101
"Insurance" § 1-101
"Life insurance" § 1-101
"Reinsurance" § 1-101
"Wet marine and transportation insurance" § 1-101

3-303. PLACEMENT WITH ALIEN INSURER.

EXCEPT AS PROVIDED IN § 3-319(B) OF THIS SUBTITLE, THIS SUBTITLE DOES
NOT LIMIT THE RIGHT OF A SURPLUS LINES BROKER TO PLACE SURPLUS LINES
INSURANCE WITH AN ALIEN INSURER THAT HAS QUALIFIED WITH THE
NONADMITTED INSURER INFORMATION OFFICE OF THE NATIONAL ASSOCIATION
OF INSURANCE COMMISSIONERS.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 190(e).

The former word "abridge" is deleted as included in the word "limit".

Defined terms: "Alien insurer" § 1-101
"Surplus lines insurance" § 1-101

3-304. REGULATIONS.

THE COMMISSIONER MAY ADOPT REASONABLE REGULATIONS CONSISTENT
WITH THIS SUBTITLE TO:

(1)     CARRY OUT THIS SUBTITLE; OR

(2)     ESTABLISH PROCEDURES FOR DETERMINING THE ELIGIBILITY OF
PARTICULAR PROPOSED COVERAGES FOR PLACEMENT WITH SURPLUS LINES
INSURERS.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 198.

The Insurance Article Review Committee notes, for consideration by the
General Assembly, that the former requirement that the Commissioner
"shall" make regulations is deleted because the Committee interpreted this
section to grant to the Commissioner the power, not the duty, to make
regulations.

As to the deletion of the reference to "rules", see the General Revisor's Note
to this article.

Defined term: "Commissioner" § 1-101

3-305. COMPLIANCE WITH FILING REQUIREMENT.

A REPORT, AFFIDAVIT, OR RETURN THAT MUST BE FILED UNDER THIS
SUBTITLE COMPLIES WITH THE FILING REQUIREMENT IF THE REPORT, AFFIDAVIT,
OR RETURN IS:

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