(iii) A policy that insures against loss by fire and other coverages
satisfies the requirements of this subsection.

[(5)] (6) The requirements of this section and any other law of the State
that require security on a loan, prescribe the nature, amount, or form of security on a
loan, or limit the interest rate on a loan do not apply if the reserve investments
consist of bonds, notes, or other evidences of indebtedness secured by mortgages or
deeds of trust that are guaranteed or insured by an instrumentality of the United
States under the National Housing Act, Servicemen's Readjustment Act of 1944, or
Bankhead-Jones Farm Tenant Act.

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 1999.

Approved May 27, 1999.

CHAPTER 530
(Senate Bill 198)

AN ACT concerning

Frederick County - Sheriff's Office - Volunteer Police Officers - Workers'

Compensation Coverage

FOR the purpose of providing that a volunteer police officer in Frederick County is a
covered employee for purposes of eligibility for medical benefits under the
Maryland Workers' Compensation Act while performing work assigned by the
sheriff of Frederick County; and eliminating Frederick County from a provision
excluding members of volunteer police departments from workers' compensation
coverage.

BY repealing and reenacting, with amendments,
Article - Labor and Employment
Section 9-220 and 9-233
Annotated Code of Maryland
(1991 Volume and 1998 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:

Article - Labor and Employment

9-220.

(a) Each auxiliary police officer for Baltimore County is a covered employee
while on duty as defined in the Baltimore County Police Manual of Rules,
Regulations, and Procedures.