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PARRIS N. GLENDENING, Governor
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Ch. 542
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(III) IF AN INSURED RETAINS, EMPLOYS, OR UTILIZES AN
INDEPENDENT INSURANCE PROFESSIONAL, AND USES THIS CRITERION TO QUALIFY
AS AN EXEMPT COMMERCIAL POLICYHOLDER, THE CERTIFICATION SHALL IDENTIFY
THE INDEPENDENT INSURANCE PROFESSIONAL BY NAME, PROFESSIONAL
DESIGNATION, BUSINESS ADDRESS, AND BUSINESS TELEPHONE NUMBER
(4) THIS SUBSECTION DOES NOT APPLY TO THE FILING OF WORKERS'
COMPENSATION INSURANCE POLICY FORMS.
(5) THE COMMISSIONER MAY REQUIRE, BY REGULATION, THAT
INSURERS PROVIDE INFORMATION TO THE ADMINISTRATION ON THE NUMBER AND
TYPES OF POLICIES WRITTEN FOR EXEMPT COMMERCIAL POLICYHOLDERS UNDER
THIS SUBSECTION.
(6) AN INDEPENDENT INSURANCE PROFESSIONAL MAY BE
COMPENSATED, FOR SERVICES RENDERED TO AN EXEMPT COMMERCIAL
POLICYHOLDER ONLY BY THE EXEMPT COMMERCIAL POLICYHOLDER.
(7) (6) ON WRITTEN REQUEST OF THE COMMISSIONER AN INSURER
SHALL FILE WITH THE COMMISSIONER ANY FORMS AND ENDORSEMENTS A FORM OR
ENDORSEMENT ISSUED TO AN EXEMPT COMMERCIAL POLICYHOLDER
(8) (7) EXCEPT FOR THE EXEMPTION FROM FORM FILING
REQUIREMENTS UNDER THIS SECTION, FORMS AND ENDORSEMENTS A FORM OR
ENDORSEMENT ISSUED TO AN EXEMPT COMMERCIAL POLICYHOLDERS SHALL BE
POLICYHOLDER IS SUBJECT TO ALL APPLICABLE PROVISIONS OF THIS ARTICLE.
SECTION 2. AND BE IT FURTHER ENACTED, That the Insurance
Commissioner, by regulation, may authorize an exempt commercial policyholder, as
defined in § 11-206(j) of the Insurance Article, as enacted by Section 1 of this Act, to
procure insurance coverage under this Act from an unauthorized insurer in
accordance with § 3-306 3-306.1 of the Insurance Article.
SECTION 2. 3. AND BE IT FURTHER ENACTED, That this Act shall take
effect October 1, 2000.
Approved May 18, 2000.
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CHAPTER 542
(Senate Bill 603)
AN ACT concerning
Higher Education - Regional Higher Education Centers
FOR the purpose of revising the Maryland Charter for Higher Education to include
regional higher education centers; authorizing the funding proposals for
regional higher education centers to include certain items; requiring the
operating funds for each regional higher education center administered by the
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- 2853 -
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