May 16, 2002
The Honorable Thomas V. Mike Miller, Jr.
President of the Senate
Annapolis MD 21401
Dear Mr. President:
In accordance with Article II, Section 17 of the Maryland Constitution, I have today vetoed Senate Bill 366 - Insurance - Surplus Lines Brokers - Disclosure and Notification Requirements.
This bill repeals the requirement that a surplus lines broker, as a condition to recoup the cost of an inspection required for the placement of surplus lines insurance from the prospective insured, not have a financial interest in or receive compensation from the person who performs the inspection.
House Bill 726, which was passed by the General Assembly and signed by me, accomplishes the same purpose. Therefore, it is not necessary for me to sign Senate Bill 366.
Parris N. Glendening