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3876
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VETOES
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State House
Annapolis, Maryland 21404
Dear Mr. Speaker:
In accordance with Article II, Section 17 of the
Maryland Constitution, I have today vetoed House Bill
849.
This bill requires the State Insurance Commissioner
to make a decision on a proposed rate change within 61
working days after submission to him of the proposal.
The rate changes affected by the bill are those filed by
a corporation which operates a nonprofit health service
plan.
The Insurance Commissioner informs me that he has no
objection to a statutory time limitation upon his rate
filing decisions. In fact, this is the present procedure
with filings submitted by certain companies under Section
242 of Article 48A. However, the General Assembly has
authorized the Insurance Commissioner to extend that
particular time period, if he gives notice to the company
that he needs additional time to consider the filing.
This then prevents an insurance company from delaying its
submission of information, thereby forcing the
Commissioner to make a decision based on incomplete
information. Because the Legislature has authorized an
extension of time, this loophole is closed.
House Bill 849 contains no such exception to the 61
day period. I believe that each rate filing decision
should be based upon all of the time and data that the
Commissioner deems necessary to that particular decision.
Had House Bill 849 contained an exception such as that
contained in Section 242 of Article 48A, neither I nor
the Insurance Commissioner would object to the bill.
For these reasons, I have decided to veto House Bill
849.
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Sincerely,
Marvin Mandel
Governor
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House Bill No. 858 - Collection Agencies - Licenses
AN ACT concerning
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