PARRIS N. GLENDENING, Governor                                   Ch. 11

(1)      GUARANTEE OR REINSURE, OR CAUSE TO BE GUARANTEED,
ASSUMED, OR REINSURED, THE IMPAIRED INSURER'S COVERED POLICIES OF
RESIDENTS;

(2)      PROVIDE MONEYS, PLEDGES, NOTES, GUARANTEES, OR OTHER
APPROPRIATE MEANS TO:

(I)       CARRY OUT ITEM (1) OF THIS SUBSECTION; AND

(II)     ENSURE PAYMENT OF THE CONTRACTUAL OBLIGATIONS OF
THE IMPAIRED INSURER, PENDING ACTION UNDER ITEM (1) OF THIS SUBSECTION;
AND

(3)      LEND MONEY TO THE IMPAIRED INSURER.

(B)     FOREIGN OR ALIEN IMPAIRED INSURER - BEFORE ORDER OF
LIQUIDATION, REHABILITATION, OR CONSERVATION.

FOR A FOREIGN INSURER OR ALIEN INSURER THAT IS AN IMPAIRED INSURER,
BEFORE AN ORDER OF LIQUIDATION, REHABILITATION, OR CONSERVATION AND
SUBJECT TO ANY CONDITIONS IMPOSED BY THE CORPORATION THAT DO NOT
IMPAIR THE CONTRACTUAL OBLIGATIONS OF THE IMPAIRED INSURER, IF THE
IMPAIRED INSURER AND THE COMMISSIONER APPROVE, THE CORPORATION MAY,
WITH RESPECT TO THE COVERED POLICIES OF RESIDENTS:

(1)      GUARANTEE OR REINSURE, OR CAUSE TO BE GUARANTEED,
ASSUMED, OR REINSURED, THE IMPAIRED INSURER'S COVERED POLICIES OF
RESIDENTS;.

(2)      PROVIDE MONEYS, PLEDGES, NOTES, GUARANTEES, OR OTHER
APPROPRIATE MEANS TO:

(I)       CARRY OUT ITEM (1) OF THIS SUBSECTION; AND

(II)     ENSURE PAYMENT OF THE CONTRACTUAL OBLIGATIONS OF
THE IMPAIRED INSURER TO RESIDENTS, PENDING ACTION UNDER ITEM (1) OF THIS
SUBSECTION; AND

(3)      LEND MONEY TO THE IMPAIRED INSURER.

(C)     DOMESTIC IMPAIRED INSURER - UNDER ORDER OF LIQUIDATION OR
REHABILITATION.

(1) FOR A DOMESTIC INSURER THAT IS AN IMPAIRED INSURER UNDER
AN ORDER OF LIQUIDATION OR REHABILITATION, IF THE COMMISSIONER
APPROVES, THE CORPORATION SHALL:

(I)       GUARANTEE, ASSUME, OR REINSURE, OR CAUSE TO BE
GUARANTEED, ASSUMED, OR REINSURED, THE IMPAIRED INSURER'S COVERED
POLICIES OF RESIDENTS;

(II)     ENSURE PAYMENT OF THE CONTRACTUAL OBLIGATIONS OF
THE IMPAIRED INSURER; AND

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