PARRIS N. GLENDENING, Governor

Ch. 57

2-104.

(a) (2) The Deputy Commissioner is [in the unclassified service of the State
Personnel Management System] UNCLASSIFIED and is entitled to ANNUAL
compensation in accordance with the State budget.

7- 101.

(a) In this title the following words have the meanings indicated.

(b) "Affiliate" means a person that directly or indirectly, through one or more
intermediaries, controls, is controlled by, or is under common control with another
person.

(C) "CONTROL", "CONTROLLING", "CONTROLLED BY", OR "UNDER COMMON
CONTROL WITH" MEANS THE DIRECT OR INDIRECT POSSESSION OF THE POWER TO
DIRECT OR CAUSE THE DIRECTION OF THE MANAGEMENT AND POLICIES OF A
PERSON, THROUGH OWNERSHIP OF VOTING SECURITIES OR OF SECURITIES
CONVERTIBLE INTO VOTING SECURITIES, BY CONTRACT OTHER THAN A
COMMERCIAL CONTRACT FOR GOODS OR NONMANAGEMENT SERVICES, OR
OTHERWISE, WHETHER OR NOT THE POWER IS EXERCISED OR SOUGHT TO BE
EXERCISED.

[(c)] (D) "Insurance holding company" means a person that directly or indirectly
controls an insurer or controls a person that controls an insurer.

[(d)](E) "Insurance holding company system" means two or more affiliates, at
least one of which is an insurer.

[(e)](F) "Subsidiary" means an affiliate of a person that, directly or indirectly,
through one or more intermediaries, is controlled by that person.

8- 101.

(a) In this subtitle the following words have the meanings indicated.

(B) "CONTROL", "CONTROLLING", "CONTROLLED BY", OR "UNDER COMMON
CONTROL WITH" MEANS THE DIRECT OR INDIRECT POSSESSION OF THE POWER TO
DIRECT OR CAUSE THE DIRECTION OF THE MANAGEMENT AND POLICIES OF A
PERSON, THROUGH OWNERSHIP OF VOTING SECURITIES OR OF SECURITIES
CONVERTIBLE INTO VOTING SECURITIES, BY CONTRACT OTHER THAN A
COMMERCIAL CONTRACT FOR GOODS OR NONMANAGEMENT SERVICES, OR
OTHERWISE, WHETHER OR NOT THE POWER IS EXERCISED OR SOUGHT TO BE
EXERCISED.

[(b)](C) "Controlled insurer" means an insurer that is under the control of a
controlling broker.

[(c)](D) "Controlling broker" means a broker that has control of a controlled
insurer.

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