PARRIS N. GLENDENING, Governor

Ch. 57

6-302.

FOR PURPOSES OF THIS SUBTITLE, THE DOMICILE OF AN ALIEN INSURER IS:

(1) FOR AN ALIEN INSURER FORMED UNDER THE LAWS OF CANADA OR
A PROVINCE OF CANADA, THE PROVINCE IN WHICH ITS HEAD OFFICE IS LOCATED;

AND

(2) FOR ANY OTHER ALIEN INSURER, THE STATE IN WHICH ITS
PRINCIPAL PLACE OF BUSINESS IN THE UNITED STATES IS LOCATED.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 61(3) and (4).

Defined terms: "Alien insurer" § 1-101
"State" § 1-101

6-303.

(A) WHEN BY OR PURSUANT TO THE LAWS OF ANY OTHER STATE OR
FOREIGN COUNTRY ANY TAXES, LICENSES AND OTHER FEES, IN THE AGGREGATE,
AND ANY FINES, PENALTIES, DEPOSIT REQUIREMENTS OR OTHER MATERIAL
OBLIGATIONS, PROHIBITIONS OR RESTRICTIONS ARE OR WOULD BE IMPOSED UPON
MARYLAND INSURERS, OR UPON THE AGENTS OR REPRESENTATIVES OF SUCH
INSURERS, WHICH ARE IN EXCESS OF SUCH TAXES, LICENSES AND OTHER FEES, IN
THE AGGREGATE, OR WHICH ARE IN EXCESS OF THE FINES, PENALTIES, DEPOSIT
REQUIREMENTS OR OTHER OBLIGATIONS, PROHIBITIONS, OR RESTRICTIONS
DIRECTLY IMPOSED UPON SIMILAR INSURERS, OR UPON THE AGENTS OR
REPRESENTATIVES OF SUCH INSURERS, OF SUCH OTHER STATE OR COUNTRY
UNDER THE STATUTES OF THIS STATE, SO LONG AS SUCH LAWS OF SUCH OTHER
STATE OR COUNTRY CONTINUE IN FORCE OR ARE SO APPLIED, THE SAME TAXES,
LICENSES AND OTHER FEES, IN THE AGGREGATE, OR FINES, PENALTIES OR DEPOSIT
REQUIREMENTS OR OTHER MATERIAL OBLIGATIONS, PROHIBITIONS, OR
RESTRICTIONS OF WHATEVER KIND SHALL BE IMPOSED BY THE COMMISSIONER
UPON THE INSURERS, OR UPON THE AGENTS OR REPRESENTATIVES OF SUCH
INSURERS, OF SUCH OTHER STATE OR COUNTRY DOING BUSINESS OR SEEKING TO
DO BUSINESS IN MARYLAND.

(B) FOR THE PURPOSES OF THIS SUBTITLE, ANY TAX, LICENSE OR OTHER FEE
OR OTHER OBLIGATION IMPOSED BY A POLITICAL SUBDIVISION OR AGENCY OF
ANOTHER STATE OR COUNTRY UPON MARYLAND INSURERS OR THEIR AGENTS OR
REPRESENTATIVES SHALL BE DEEMED TO BE IMPOSED BY THAT STATE OR
COUNTRY.

REVISOR'S NOTE: This section formerly was the first and second sentences of
former Art. 48A, § 61(1).

No changes are made in subsection (a) of this section.

The only changes made in subsection (b) of this section are in style.

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