Ch. 35

1997 LAWS OF MARYLAND

CONSIDERED A SUBSTITUTE FOR AN INSURANCE POLICY. THIS ACTIVITY IS NOT
REGULATED BY THE STATE INSURANCE ADMINISTRATION, AND YOUR LIABILITIES
ARE NOT COVERED BY THE LIFE AND HEALTH GUARANTY FUND. WHETHER OR NOT
YOU RECEIVE ANY PAYMENTS FOR MEDICAL EXPENSES AND WHETHER OR NOT
THIS ENTITY CONTINUES TO OPERATE, YOU ARE ALWAYS LIABLE FOR ANY UNPAID
BILLS."

SPECIAL REVISOR'S NOTE: As enacted by Ch. 36, Acts of 1995, this section was
new language derived without substantive change from former Art. 48A, §§ 9
and 211(c). However, Ch. 544, Acts of 1995, added item (4) of this section.

Chapter_, Acts of 1997, repealed and reenacted this section without

change.

In the introductory language of item (3) of this section, Ch. 36 deleted the
former reference to "this subtitle" as included in the more comprehensive
reference to "[t]his article".

Also in the introductory language of item (3) of this section, Ch. 36 deleted
the former reference to "any provision of this article other than § 632 of this
article" as unnecessary based on the reference to "Title 6 of this article" in
item (3)(vii) of this section.

Defined terms: "Annuity contract" § 1-101
"Commissioner" § 1-101
"Health insurance" § 1-101
"Life insurance" § 1-101
"Premium" § 1-101
"State" § 1-101

1-203. APPLICATION OF ARTICLE TO CERTIFICATES OF GUARANTEE.
(A) DEFINITIONS.

(1) IN THIS SECTION THE FOLLOWING WORDS HAVE THE MEANINGS

INDICATED.

(2) "CERTIFICATE OF GUARANTEE" MEANS AN INSTRUMENT THAT IS

ISSUED:

(I) BY A NONPROFIT ASSOCIATION OF CONTRACTORS, OR ITS
WHOLLY OWNED SUBSIDIARY THAT IS APPROVED TO OPERATE BY CALVERT
COUNTY, CHARLES COUNTY, PRINCE GEORGE'S COUNTY, MONTGOMERY COUNTY,
OR ST. MARY'S COUNTY, AS APPROPRIATE; AND

(II) ON BEHALF OF A CONTRACTOR FOR THE PURPOSE OF

SATISFYING:

1. COUNTY BOND REQUIREMENTS FOR PUBLIC

IMPROVEMENTS; OR

2. OTHER COUNTY BOND REQUIREMENTS.

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