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PARRIS N. GLENDENING, Governor H.B. 980
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(ii) the market conduct survey to the Legislative Policy Committee.
(b) The Fund shall pay for:
(1) the fiscal portion of the postaudit examination;
(2) the market conduct survey; and
(3) the statutory audit.]
10-125.
THE FUND SHALL BE GOVERNED BY, AND SUBJECT TO, THE FOLLOWING
PROVISIONS OF THE INSURANCE ARTICLE OF THE CODE;
(1) TITLE 2, SUBTITLE 2 (ENFORCEMENT);
(2) TITLE 4, SUBTITLE 3 (RISK BASED CAPITAL STANDARDS FOR
INSURERS);
(3) TITLE 5, SUBTITLES 1, 2 AND 9 (ASSETS AND LIABILITIES, RESERVES,
AND REINSURANCE);
(4) TITLE 7 (MARYLAND INSURANCE ACQUISITION DISCLOSURE AND
CONTROL ACT);
(5) TITLE 9 (IMPAIRED ENTITIES);
(6) TITLE 12, SUBTITLE 1 (POLICY FORMS AND PROVISIONS);
(7) EXCEPT FOR § 19-403 (SETTING PREMIUM RATES), TITLE 19, SUBTITLE
4 (WORKERS' COMPENSATION INSURANCE); AND
(8) TITLE 27 (UNFAIR TRADE PRACTICES AND OTHER PROHIBITED
PRACTICES)
(A) EXCEPT AS PROVIDED IN SUBSECTION (B) OF THIS SECTION, THE FUND
SHALL BE:
(1) EXAMINED BY THE COMMISSIONER IN ACCORDANCE WITH $$ 2-205
AND 2-207 THROUGH 2-209 OF THE INSURANCE ARTICLE; AND
(2) SUBJECT TO THE FOLLOWING PROVISIONS OF THE INSURANCE
ARTICLE:
(I) TITLE 4, SUBTITLE 3 (RISK BASED CAPITAL STANDARDS FOR
INSURERS);
(II) TITLE 5, SUBTITLES 1, 2, AND 9 (ASSETS AND LIABILITIES,
RESERVES, AND REINSURANCE); AND
(III) TITLE 9 (IMPAIRED ENTITIES).
(B) (1) THE COMMISSIONER MAY NOT TAKE ANY ACTION TO ENFORCE ANY
PROVISION OF THE INSURANCE ARTICLE TO WHICH THE FUND IS SUBJECT UNDER
SUBSECTION (A) OF THIS SECTION EXCEPT:
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- 4711 -
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