About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline

1989 pt. 2 843 (1989)

handle is hein.ssl/ssmd0155 and id is 1 raw text is: WILLIAM DONALD SCHAEFER, Governor

CHAPTER 4
(House Bill 375)
AN ACT concerning
Maryland Automobile Insurance Fund - Producer Commissions
FOR the purpose of reqiring--that--emmssiens--be prohibiting
commissions  from  being paid   by  the Maryland Automobile
Insurance Fund to producers on a pro-rata-basis-raeher--than
a   fully earned  basis; fixing commissions paid by the Fund
at a certain amount in certain cases and retaining the power
of the Board of Trustees of the Fund to  fix  the  level of
commissions  in certain cases; making this Act an emergency
measure; and   generally  relating   to   the   payment   of
commissions by   the Maryland Automobile Insurance Fund to
producers of policyholders to whom a policy of insurance is
issued by the Fund.
BY repealing and reenacting, with amendments,
Article 48A - Insurance Code
Section 243B
Annotated Code of Maryland
(1986 Replacement Volume and 1988 Supplement)
SECTION  1.   BE  IT  ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article 48A - Insurance Code
243B.
(a) Subject to the provisions of   this  subtitle generally
and S 243D of this subtitle in particular, the Fund is authorized
and shall sell, issue, and deliver, upon payment of the premium
set by the Fund, a policy of automobile  liability  insurance  to
any Maryland   resident who owns an automobile validly registered
with the Motor Vehicle Administrator, or has a valid  license  to
operate an automobile issued by the Motor Vehicle Administrator,
and who does not owe to the Fund any   unpaid  insurance premium
with  respect  to  a prior expired or cancelled policy, and who
either (i) has in good faith attempted  to obtain a policy of
automobile liability insurance from at least two private insurers
authorized  to write   such a policy in this State and has been
rejected or refused such a policy by two  such private   insurers
for any reason other than nonpayment of premiums, or (ii) who has
had a policy of automobile      liability  insurance cancelled or
nonrenewed for any reason other than nonpayment of premiums, by a
private insurer authorized to write such a policy in this State.
The purpose of    the  Fund is to provide automobile insurance to

- 843 -

Ch. 4

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Already a HeinOnline Subscriber?

profiles profiles most