The Honorable Casper R. Taylor, Jr.
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 898 - Insurance Producer Licensing Act.

This bill incorporates provisions of the Model Producer Licensing Act developed by the National Association of Insurance Commissioners into Maryland's agent and broker licensing provisions, as required by the federal Financial Services Modernization Act of 1999.

Senate Bill 576, which was passed by the General Assembly and signed by me, accomplishes the same purpose. Therefore, it is not necessary for me to sign House Bill 898.

Parris N. Glendening