Ch. 399                                    2003 LAWS OF MARYLAND

Chapter 3 of the Acts of the First Special Session of 1992, as amended by
Chapter 91 of the Acts of 1994, Chapter 356 of the Acts of 1996, Chapter 141 of
the Acts of 1998, Chapter 340 of the Acts of 2000, and Chapter 34 of the Acts of

2002

SECTION 3. AND BE IT FURTHER ENACTED, That, notwithstanding the
provisions of § 13-618(c) of the Transportation Article, the Motor Vehicle
Administration shall extend the Chesapeake Bay Commemorative Plate Program until
July 1, [2007] 2008.

SECTION 2. AND BE IT FURTHER ENACTED, That the Motor Vehicle
Administration, in conjunction with the nonprofit organization designated to receive
moneys under this Act, shall implement the renewal fee for the Chesapeake Bay
Commemorative License Plate by January 1, 2004.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 2003. It shall remain effective for a period of 7 5 years and, at the end of June
30, 2010 2008, with no further action required by the General Assembly, this Act shall
be abrogated and of no further force and effect.

Approved May 22, 2003.

CHAPTER 399
(Senate Bill 652)

AN ACT concerning

Insurers - Assets and Investments - Location

FOR the purpose of altering the exceptions to the types of assets that certain domestic
insurers are required to keep in the State; repealing a certain limitation on the
amount of admitted assets that a domestic insurer may keep outside of the
State; altering the conditions under which the reserve investments of a life
insurer may include derivative transactions; and generally relating to the assets
and investments of insurers.

BY repealing and reenacting, with amendments,
Article - Insurance

Section 4-115(c), (d), and (e) and 5-511(o)
Annotated Code of Maryland
(1997 Volume and 2002 Supplement)

BY repealing and reenacting, without amendments,
Article - Insurance
Section 5-511(n)
Annotated Code of Maryland
(1997 Volume and 2002 Supplement)

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