Ch. 11

1996 LAWS OF MARYLAND

(1)     THE COMMISSIONER SHALL MONITOR AND REVIEW THE FINANCIAL
CONDITION OF ASSOCIATION MEMBERS TO ENSURE THAT THE ASSOCIATION
MEMBERS ARE ABLE TO PAY ASSESSMENTS THAT THE ASSOCIATION MAY LEVY ON
THEM.

(2)     THE COMMISSIONER MAY USE THE ANNUAL STATEMENTS OF
ASSOCIATION MEMBERS AND OTHER AVAILABLE DATA TO MONITOR AND REVIEW
THEIR FINANCIAL CONDITION.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 478F.

In subsection (a) of this section, the former requirement that the
"Commissioner ... perform the duties and exercise the powers imposed or
granted ... [by] this article" is deleted as redundant.

Defined terms: "Association" § 25-401
"Association member" § 25-401
"Authorized insurer" § 1-101
"Commissioner" § 1-101
"Domestic insurer" § 1-101
"Essential property insurance" § 25-401
"Homeowner's insurance" § 25-401
"Insurance" § 1-101
"Policy" § 1-101

25-409. APPEALS.

(A)     IN GENERAL.

(1)      AN APPLICANT FOR ESSENTIAL PROPERTY INSURANCE OR
HOMEOWNER'S INSURANCE OR AN AFFECTED INSURER MAY APPEAL TO THE
GOVERNING COMMITTEE.                                             

(2)     A DECISION OF THE GOVERNING COMMITTEE MAY BE APPEALED TO
THE COMMISSIONER WITHIN 30 DAYS AFTER THE DECISION.

(B)     JUDICIAL REVIEW.

AN ORDER OR DECISION OF THE COMMISSIONER MADE UNDER THIS SUBTITLE
IS SUBJECT TO JUDICIAL REVIEW.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 478G.

In subsection (a)(1) of this section, the reference to an applicant for "essential
property insurance or homeowner's insurance" is added for clarity.

Defined terms: "Commissioner" § 1-101

"Essential property insurance" § 25-401
"Homeowner's insurance" § 25-401
"Insurer" § 1-101

- 670 -