ROBERT L. EHRLICH, JR., Governor

Ch. 36

(i) disclosure of the document, material, or information to the
Commissioner under this section; or

(ii) sharing of the document, material, or information by the
Commissioner under paragraph (5) of this subsection.

(9) This subtitle does not prohibit the Commissioner from releasing final
adjudicated actions, including for-cause terminations, that are open to public
inspection under Title 10, Subtitle 6 of the State Government Article, to a database or
other clearinghouse service maintained by the National Association of Insurance
Commissioners or its affiliates or subsidiaries.

(J) THE COMMISSIONER MAY ADOPT REGULATIONS TO CARRY OUT THIS
SECTION.

SECTION 3. AND BE IT FURTHER ENACTED, That Section 2 of this Act shall
take effect January 1, 2004.

SECTION 4. AND BE IT FURTHER ENACTED, That, except as provided in
Section 3 of this Act, this Act shall take effect July 1, 2003.

Approved April 8, 2003.

CHAPTER 36
(House Bill 201)

AN ACT concerning

Commercial Law - Disposition of Abandoned Property - Notice Requirement

of Holder

FOR the purpose of requiring all holders of property subject to the abandoned
property law to provide certain notice to owners within a certain period;
clarifying that this requirement applies to certain financial institutions and
businesses; and generally relating to the disposition of abandoned property in
the State.

BY repealing and reenacting, with amendments,
Article - Commercial Law
Section 17-301(a)
Annotated Code of Maryland
(2000 Replacement Volume and 2002 Supplement)

BY adding to

Article - Commercial Law

Section 17-308.2

Annotated Code of Maryland

(2000 Replacement Volume and 2002 Supplement)

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