Ch. 36

1995 LAWS OF MARYLAND

(I)       THE HOME OFFICE OF A DOMESTIC INSURER OR FOREIGN
INSURER;

(II)     THE UNITED STATES BRANCH OFFICE OF AN ALIEN INSURER;
OR

(III)    A BRANCH OR AGENCY OFFICE OF THE INSURER.

(2) THE COMMISSIONER SHALL CONDUCT AN EXAMINATION OF A
PERSON OTHER THAN AN INSURER AT:

(I)      THE PLACE OF BUSINESS OF THE PERSON; OR

(II)     ANY PLACE WHERE RECORDS OF THE PERSON ARE KEPT.

(B)     PRODUCTION OF RECORDS AND HELP WITH EXAMINATION.

EACH PERSON THAT IS EXAMINED AND ITS OFFICERS, EMPLOYEES, AGENTS,
AND REPRESENTATIVES SHALL:

(1)      PRODUCE AND MAKE FREELY AVAILABLE TO THE COMMISSIONER
OR AN EXAMINER THE ACCOUNTS, RECORDS, DOCUMENTS, FILES, INFORMATION,
ASSETS, AND MATTERS THAT ARE IN THE POSSESSION OR CONTROL OF THE PERSON
AND RELATE TO THE SUBJECT OF THE EXAMINATION; AND

(2)      OTHERWISE HELP THE EXAMINATION TO THE EXTENT
REASONABLY POSSIBLE.

(C)     ACTUARIES, ACCOUNTANTS, AND OTHER EXPERTS.

(1)      AT THE EXPENSE OF THE PERSON BEING EXAMINED, THE
COMMISSIONER MAY RETAIN AN ACTUARY, ACCOUNTANT, OR OTHER EXPERT,
WHO IS NOT OTHERWISE A PART OF THE STAFF OF THE ADMINISTRATION, IF
REASONABLY NECESSARY TO CONDUCT AN EXAMINATION UNDER THIS ARTICLE.

(2)      THE ACTUARY, ACCOUNTANT, OR OTHER EXPERT MAY REWRITE,
POST, OR BALANCE THE ACCOUNTS OF THE PERSON BEING EXAMINED.

(D)     VALUATION OF REAL ESTATE.

(1)      IF THE COMMISSIONER CONSIDERS IT NECESSARY TO VALUE REAL
ESTATE INVOLVED IN AN EXAMINATION, THE COMMISSIONER MAY. REQUEST IN
WRITING THAT THE PERSON BEING EXAMINED APPOINT ONE OR MORE COMPETENT
APPRAISERS, APPROVED BY THE COMMISSIONER, TO APPRAISE THE REAL ESTATE.

(2)      IF THE PERSON DOES NOT APPOINT AN APPRAISER WITHIN 10 DAYS
AFTER THE REQUEST WAS DELIVERED TO THE PERSON, THE COMMISSIONER MAY
APPOINT AN APPRAISER.

(3)      THE APPRAISAL SHALL BE MADE PROMPTLY, AND A COPY OF THE
APPRAISAL REPORT SHALL BE PROVIDED TO THE COMMISSIONER.

(4)      THE PERSON BEING EXAMINED SHALL PAY THE REASONABLE
EXPENSE OF THE APPRAISAL.

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