Volume 799, Page 3617 View pdf image |
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ROBERT L. EHRLICH, JR., Governor H.B. 418 BY repealing Article - Labor and Employment Section 10-125(f) Annotated Code of Maryland (1999 Replacement Volume and 2002 Supplement) (As enacted by Section 1 of this Act) SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF Article - Labor and Employment 10-125. (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) 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, 4, and 9 (Assets and Liabilities, Reserves, (iii) Title 9 (Impaired Entities); and (iv) §§ 3-124 (Bulk Reinsurance - Stock Insurers), 4-115 (Home (b) (1) The Commissioner may not take any action to enforce any provision (i) the Commissioner may issue an order under Title 9 (Impaired (ii) the Commissioner may take action authorized under §§ 4 -305, (2) Any order issued under this subsection: (i) may not include a requirement that the Fund increase rates; (ii) shall be subject to Title 2, Subtitle 2, of the Insurance Article. - 3617 -
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Volume 799, Page 3617 View pdf image |
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