Ch. 36                                      1995 LAWS OF MARYLAND

In subsection (a) of this section, the former reference to a "domestic" life
insurer is deleted as unnecessary in light of the scope of this subtitle. See §
5-501 of this subtitle. Similarly, in subsection (b)(1) of this section, the
defined term "life insurer" is substituted for the former reference to a
"domestic life insurance company" to use the defined term and in light of the
scope of this subtitle.

In subsection (c)(2) of this section, the reference to "deposits" is added for
clarity. The Insurance Article Review Committee notes this addition for the
attention of the General Assembly.

Also in subsection (c)(2) of this section, the former reference to the
"Maryland Savings-Share Insurance Corporation" is deleted as obsolete. The
Maryland Savings-Share Insurance Corporation was succeeded by the State of
Maryland Deposit Insurance Fund Corporation. However, the Maryland
Deposit Insurance Fund no longer insures savings and loan associations or
building and loan associations. See FI §§ 10-101 through 10-118.

Also in subsection (c)(2) of this section, the reference to the "Federal Deposit
Insurance Corporation" is substituted for the former reference to the
"Federal Savings and Loan Insurance Corporation". Under Pub. L. 101-73,
Title VII, § 703, the Federal Savings and Loan Insurance Corporation was
abolished and its functions assumed by the Federal Deposit Insurance
Corporation. See 12 U.S.C. § 1437.

In subsections (d)(2), (f)(2), and (l)(1) of this section, the references to a
"life" insurer are added to clarify that this subtitle applies to life insurers.

In subsection (f)(1) and (2)(iii) of this section, the former word "shares" is
deleted as included in the word "stock".

In subsection (g)(5) of this section, the former phrase "as heretofore and
hereafter amended" is deleted as unnecessary in light of Art. 1, § 21.

In subsection (h)(4) of this section, the reference to "redeemable" ground
rents is substituted for the former reference to "redemption" ground rents for
accuracy.

In subsection (j)(3) of this section, the former phrase "however acquired" is
deleted as unnecessary because the provisions of subsection (j)(3) of this
section are mandatory regardless of the manner in which the real estate is
acquired.

In subsection (j)(5) of this section, the word "considers" is substituted for the
former phrase "in his judgment" for clarity.

In subsection (j)(8) of this section, the reference to "market" value is
substituted for the former reference to "sales" value for clarity.

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