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Session Laws, 1972
Volume 708, Page 226   View pdf image
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226                               Laws of Maryland                        [Ch. 28

(2)  Insurance of vessels or craft, their cargoes, marine protec-
tion and indemnity, or other risks commonly insured under marine,
as distinguished from inland marine, insurance policies;

(3)  Insurance against loss of or damage to aircraft including
their accessories and equipment, or against liability other than work-
men's compensation, employers' liability arising out of the owner-
ship, maintenance, or use of aircraft.

(4)  Title insurance;

(5)  The Maryland State Accident Fund.

If any kind of insurance, subdivision or combination thereof, or
type of coverage, subject to this section, is also subject to regula-
tion by another rate regulatory section of the statutes of this State,
an insured to which both sections are otherwise applicable shall file
with the Commissioner a designation as to which rate regulatory
section is applicable to it with respect to such kind of insurance,
subdivision or combination thereof, or type of coverage.

242.

(g)(l) Any person, whether located within or outside this State,
may apply to the Commissioner for a license as a rating organiza-
tion for kinds of insurance, or subdivision or class of risk or a part
or combination thereof as are specified in its application and shall
file therewith (i) a copy of its constitution, its articles of agreement
or association or its certificate of incorporation and of its bylaws,
rules, and regulations governing the conduct of its business, (ii) a
list of its members and subscribers, (iii) the name and address of
a resident of this State upon whom notices or orders of the Com-
missioner or process affecting the rating organization may be served
and (iv) a statement of its qualifications as a rating organization.
If the Commissioner finds that the applicant is competent, trust-
worthy, and otherwise qualified to act as a rating organization and
that its constitution, articles of agreement or association or certif-
icate of incorporation, and its bylaws, rules and regulations gov-
erning the conduct of its business, conform to the requirements of
law, he shall grant or deny the application in whole or in part, within
sixty days of the filing date. Licenses issued pursuant to this sub-
section shall remain in effect for three years unless sooner suspend-
ed or revoked by the Commissioner. The fee for the license shall be
twenty-five dollars. Licenses issued pursuant to this subsection may
be suspended or revoked by the Commissioner after hearing upon
notice, if the rating organization ceases to meet the requirements
of this paragraph. Every rating organization shall notify the Com-
missioner promptly of every change in (i) its constitution, its ar-
ticles of agreement or association, or its certificate of incorpora-
tion, and its bylaws, rules and regulations governing the conduct
of its business (ii) its list of members and subscribers and (iii)
the name and address of the resident of this State designated by it
upon whom notices or orders of the Commissioner or process affect-
ing the rating organization may be served.

242.

(1)(1) Every group, association or other organization of in-
surers, whether located within or outside this State which assists
insurers which make their own filings or rating organizations in

 

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Session Laws, 1972
Volume 708, Page 226   View pdf image
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