1396 LAWS OF MARYLAND. [CH. 927

representative, or by a rating organization and shall be deemed
approved if not disapproved by him or his duly authorized
deputy in writing within thirty days after submission.

3. (Rating Organizations. ) "Rating organization" means
every person or persons, corporation, partnership, company,
society, or association engaged in the business of rate-making
for two or more insurers.

No rating organization, as herein defined, shall do business
in this State, until it shall have been licensed to do so by the
Insurance Commissioner. Application for such license shall
be made on such forms as the Commissioner shall prepare for
that purpose. Upon applying for such license, every rating
organization shall file with the Commissioner.

(1) Copy of its constitution, its articles of agreement or
association or its certificate of incorporation, and of its by-
laws or rules governing the conduct of its business, or such
of the foregoing, if any, as such rating organization may have;

(2) A list of insurers who are or who have agreed to become
members of or subscribers to such rating organization;

(3) The names and addresses of a person or persons in the
State upon whom notices, or orders of the Commissioner af-
fecting such rating organization may be served; and

(4) Such other information as the Commissioner may re-
quire.

If the Commissioner finds that the applicant for licenses:

(a) Has complied with the provisions of this Act;

(b) Is equipped with an adequate staff of experts and clerks
qualified in rate-making1; and

(c) Is otherwise qualified to function as a rating organiza-
tion, he shall issue a license to such rating organization au-
thorizing it to engage in rate-making for the kinds of insurance
specified in such license. If the Commissioner shall determine
that the applicant is not entitled to a license, he shall make
an order denying its application, specifying his reasons for
such denial. Licenses issued pursuant to this section shall re-
main in effect until June 30 following date of issue unless
sooner surrendered, suspended or revoked in the manner pro-
vided by this Act. Every rating organization doing business
in this State, on the effective date of this Act, may continue
to transact such business thereafter, subject to the provisions
of this Act, pending its application to the Commissioner to
be made within thirty days after the effective date of this Act,
for a license to do business as required by this section. The
fee for each license shall be one hundred dollars annually.

Every rating organization shall make reasonable provision
in its by-laws, rules, constitution or otherwise, to permit any
insurer engaged in the kind of insurance for which rate-mak-
ing is done by such rating organization, to become a member