S.B. 165

VETOES

(i) the need for a commercial or stainless steel kitchen when
serving a hot breakfast meal; and

(ii) the need for a change in current regulation of bed and breakfast
operators.

(g) The Task Force shall report its findings and recommendations to the
Governor, and in accordance with § 2-1246 of the State Government Article, to the
General Assembly on or before December 30, 2003.

SECTION 2. AND BE IT FURTHER ENACTED, That to the extent
practicable, appointments shall be made to ensure regional, economic, ethnic, and
gender diversity on the Task Force.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall take
effect July 1, 2003. It shall remain effective for a period of six months and, at the end
of December 31, 2003, with no further action required by the General Assembly, this
Act shall be abrogated and of no further force and effect.

May 22, 2003

The Honorable Thomas V. Mike Miller, Jr.
President of the Senate
State House
Annapolis MD 21401

Dear Mr. President:

In accordance with Article II, Section 17 of the Maryland Constitution, today I have
vetoed Senate Bill 165 - Insurance - Reinsurance - Ceding Insurers.

This bill alters the circumstances under which credit, as an asset or deduction from
liability, may be allowed to a ceding insurer for reinsurance; repeals a provision of law
that prohibits the Maryland Insurance Commissioner from approving or accepting
reinsurance by a ceding domestic insurer under specified circumstances; and requires
specified payments made by a reinsurer to be made directly to the ceding insurer or
its domiciliary receiver except under specified circumstances.

House Bill 114, which was passed by the General Assembly and signed by me,
accomplishes the same purpose. Therefore, it is not necessary for me to sign Senate
Bill 165.

Sincerely,

Robert L. Ehrlich, Jr.

Governor

Senate Bill No. 165

AN ACT concerning

Insurance - Reinsurance - Ceding Insurers

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