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LAWS OF MARYLAND

Ch. 404

(3) IF THE ADMINISTRATION ASSESSES A VEHICLE
OWNER WITH A PENALTY UNDER THIS SUBSECTION, THE
ADMINISTRATION MAY NOT REINSTATE A REGISTRATION SUSPENDED
UNDER THIS SECTION UNTIL THE PENALTY IS PAID.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act
shall take effect July 1, 1980.

Approved May 6, 1980.

CHAPTER 405

(House Bill 586)

AN ACT concerning

Insurance - Title Insurance Rating

FOR the purpose of authorizing the Insurance Commissioner to
review the expense portions of title insurance rates
and to disapprove title insurance rates if the expense

factors are excessive or unfairly discriminatory;

authorizing the Insurance Commissioner to set maximum
commission rates; and requiring the resubmission of

rates every 2 years requiring the Insurance

Commissioner to require all title insurance companies
to provide certain information; and requiring the
Commissioner to conduct a study.

BY adding to

Article 48A - Insurance Code

Section 242A(b)(5) and (6) and (c)(9) 242A(c)(9)

Annotated Code of Maryland

(1979 Replacement Volume and 1979 Supplement)

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That section(s) of the Annotated Code of Maryland
be repealed, amended, or enacted to read as follows:

Article 48A - Insurance Code

242A.

(b) (5) ALL TITLE INSURANCE RATE FILINGS MUST INCLUDE

SPECIFIC EXPENSE FACTORS CLEARLY INDICATING COMMISSION

RATES, TAXES, GENERAL EXPENSES, ALLOCATED AND UNALLOCATED
LOSS ADJUSTMENT EXPENSE, LICENSES AND FEES, AND ALL OTHER

EXPENSES RELATING TO THE PROCUREMENT OF BUSINESS NOT

SPECIFICALLY LISTED AS COMMISSIONS SUCH AS DIVIDENDS,

RETAINERS, STOCK, OFFICE SPACE, OR ANY OTHER VALUABLE