464 LAWS OF MARYLAND. [CH. 295
CHAPTER 295.
(House Bill 272)

AN ACT to add seven new sections to Article 48A of Flack's
Annotated Code of Maryland (1939 Edition) title "Insur-
ance", sub-title "General Provisions", to be known re-
spectively as Sections 65A, 65B, 650, 65D, 65E, 65F and 65G,
to follow immediately after Section 65, said new sections re-
lating to the liquidation, rehabilitation, reorganization or
conservation of insurers doing business in more than one
state.

SECTION 1. Be it enacted by the General Assembly of Mary-
land, That seven new sections be and the same are hereby
added to Article 48A of Flack's Annotated Code of Maryland
(1939 Edition), to be known respectively as Sections 65A, 65B,
65C, 65D, 65E, 65F and 65G, to follow immediately after Sec-
tion 65, and to read as follows:

65A. Definitions. For the purpose of this Act:

(1) "Insurer" means any person, firm, corporation or aggre-
gation of persons doing an insurance business and subject to
the insurance supervisory 'authority of, or to the liquidation,
rehabilitation, reorganization or conservation by, the Insur-
ance Commissioner.

(2) "Delinquency proceeding" means any proceeding com-
menced against an insurer for the purpose of liquidating, re-
habilitating, reorganizing or conserving such insurer.

(3) "State" means any state of the United States, the Terri-
tory of Alaska, the Territory of Hawaii, and the District of
Columbia.

(4) "Domiciliary State" means the State in which an in-
surer is incorporated or organized or, in the case of an in-
surer incorporated or organized in a foreign country, the state
In which such insurer, having become authorized to do business
in such state has, at the commencement of delinquency pro-
ceedings the largest amount of its trusteed assets and deposits
for the benefit of its policy holders or policy holders and credi-
tors in the United States; and "domiciliary insurer" means an
insurer in its domiciliary state.

(5) "Ancillary State" means any state other than a domi-
ciliary state.

(6) "Reciprocal State" means any state in which in sub-
stance and effect the provisions of this Article are in force.

(7) "General Assets" means all property, real or personal,
not specifically mortgaged, pledged, deposited as security or
otherwise encumbered, and as to such specifically encumbered