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Ch. 168
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1782
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LAWS OF MARYLAND
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Annotated Code of Maryland
(1972 Replacement Volume and 1976 Supplement)
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SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That Section 242(c)(4) of Article 48A -
Insurance Code, of the Annotated Code of Maryland (1972
Replacement Volume and 1976 Supplement) be and it is
hereby repealed and reenacted, with amendments, to read
as follows:
Article 48A - Insurance Code
242.
(c) All rates shall be made in accordance with the
following principles:
(4) Risks may be grouped by classifications
for the establishment of rates and minimum premiums.
Classification rates may be modified to produce rates for
individual risks in accordance with rating plans which
establish standards for measuring variations in hazards
or expense provisions, or both. The standards may
measure any difference among risks that [can be] ARE
demonstrated objectively TO THE COMMISSIONER to have HAD
a direct and substantial effect upon losses or expenses.
However, no rate may be based partially or entirely on
geographic area itself, as opposed to underlying risk
considerations, even though expressed in geographic
terms. THE FOLLOWING SHALL BE CONSIDERED IN THE
ESTABLISHMENT OF THE STANDARDS:
(I) ALL OF THE DRIVERS WHO MAY DRIVE
THAT CAR DURING THE TERM OF THE POLICY;
(II) ALL OF THE OCCUPANTS WHO WILL RIDE
IN THAT CAR DURING THE POLICY PERIOD;
(III) ALL OF THE TRAFFIC AND WEATHER
CONDITIONS UNDER WHICH THE VEHICLE WILL BE OPERATED;
(IV) ALL OF THE MILES THAT WILL BE
DRIVEN AND ALL OF THE ROADS AND STREETS INVOLVED;
(V) ALL OF THE CIRCUMSTANCES UNDER
WHICH THE VEHICLE WILL BE EXPOSED TO THEFT OR DAMAGE
WHILE PARKED;
(VI) ALL OF THE WAGES THAT WILL BE LOST
BY THE OCCUPANTS OF THE CAR AND THE OCCUPANTS OF OTHER
VEHICLES THAT MAY BE STRUCK BY THE INSURED CAR;
(VII) THE HOSPITAL AND MEDICAL CHARGES
THAT WILL BE INCURRED BY THOSE INJURED IN THE CAR OR AS
THE OCCUPANT OF SOME OTHER VEHICLE NEGLIGENTLY STRUCK BY
THE INSURED CAR;
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