ROBERT L. EHRLICH, JR., Governor

Ch. 35

time to time (including any profit made in the sale thereof) shall be and are hereby
declared to be at all times exempt from State, county, municipal, or other taxation of
every kind and nature whatsoever within the State of Maryland. Nothing in this Act
shall prevent the County from authorizing the issuance and sale of bonds the interest
on which is not excludable from gross income for federal income tax purposes.

SECTION 9. AND BE IT FURTHER ENACTED, That the authority to borrow
money and issue bonds conferred on the County by this Act shall be deemed to provide
an additional and alternative authority for borrowing money and shall be regarded as
supplemental and additional to powers conferred upon the County by other laws and
shall not be regarded as in derogation of any power now existing; and all Acts of the
General Assembly of Maryland heretofore passed authorizing the County to borrow
money are hereby continued to the extent that the powers contained in such Acts have
not been exercised, and nothing contained in this Act may be construed to impair, in
any way, the validity of any bonds that may have been issued by the County under the
authority of any said Acts, and the validity of the bonds is hereby ratified, confirmed,
and approved. This Act, being necessary for the welfare of the inhabitants of Calvert
County, shall be liberally construed to effect the purposes hereof. All Acts and parts of
Acts inconsistent with the provisions of this Act are hereby repealed to the extent of
such inconsistency.

SECTION 10. AND BE IT FURTHER ENACTED, That this Act shall take
effect June 1, 2003.

Approved April 8, 2003.

CHAPTER 35
(House Bill 200)

AN ACT concerning

Insurance - Regulation of Insurance Producers

FOR the purpose of altering certain provisions regarding the reporting of
appointments and terminations of insurance producers to the Maryland
Insurance Administration; repealing certain fees; authorizing the Maryland
Insurance Commissioner to appoint certain advisory boards; authorizing the
Commissioner to review certain continuing education courses and approve or
disapprove certain continuing education courses; providing that certain
provisions of law do not limit the authority of the Commissioner to review,
approve, or disapprove continuing education courses, examinations, and other
matters relating to the education and qualification of insurance producers;
requiring insurers to maintain information regarding appointments and
appointment terminations of insurance producers in a certain format; providing
for the effective dates of this Act; and generally relating to appointments and
appointment terminations of insurance producers and other matters relating to
the education and qualification of insurance producers.

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