May 26, 2004

The Honorable Michael E. Busch
Speaker of the House
State House
Annapolis, MD 21401

Dear Mr. Speaker:

In accordance with Article II, Section 17 of the Maryland Constitution, I have today vetoed House Bill 422 - Insurance - Surplus Lines Brokers - Policy and Inspection Fees.

This bill alters specified authority of specified surplus lines brokers, to charge policy fees on specified policies, procured by licensed producers, to whom the surplus lines broker pays a commission. It specifies a limit on the policy fee that a specified surplus lines broker may charge, on a policy issued by an authorized insurer, which was procured by specified licensed producers, to whom the surplus lines broker pays a commission.

Senate Bill 238, which was passed by the General Assembly and signed by me on May 11, 2004, accomplishes the same purpose. Therefore, it is not necessary for me to sign House Bill 422.

Very truly yours,
Robert L. Ehrlich, Jr.
Governor