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S.B. 463 VETOES
(iv) rating organization; or
(v) authorized health maintenance organization.
(2) The Commissioner shall examine each domestic insurer and health
maintenance organization at least once every 5 years.
(b) The Commissioner shall examine the affairs, transactions, accounts,
records, and assets of:
(1) each insurer and each health maintenance organization that applies
for an original certificate of authority to do business in the State; and
(2) each rating organization that applies for a license to do business in
the State.
(e) When examining a reciprocal insurer, the Commissioner may examine the
attorney in fact of the reciprocal insurer to the extent that the transactions of the
attorney in fact relate to the reciprocal insurer.
(d) The Commissioner may limit the examination of an alien insurer to its
insurance transactions and affairs in the United States.
(e) Instead of conducting an examination, the Commissioner may accept a full
report, certified by the insurance supervisory official of another state, of the most
recent examination of a foreign insurer or health maintenance organization, alien
insurer or health maintenance organization, or an out of state rating organization.
(F) NOTWITHSTANDING ANY PROVISION OF THIS ARTICLE TO THE CONTRARY,
WITH RESPECT TO THE EXAMINATION OF AN AUTHORIZED TITLE INSURER;
(1) THE EXAMINATION SHALL BE LIMITED TO EXAMINATION FOR
COMPLIANCE WITH THE FOLLOWING PROVISIONS OF THIS ARTICLE, AS APPLICABLE:
(I) § 22-102 OF THIS ARTICLE;
(II) § 22-103 OF THIS ARTICLE;
(III) TITLE 11 OF THIS ARTICLE, AS IT RELATES TO RATE AND FORM
FILINGS AND APPROVALS; AND
(IV) TITLE 27, SUBTITLES 2, 3, AND 8 OF THIS ARTICLE;
(2) THE EXAMINATION MAY NOT INCLUDE AN EXAMINATION OF:
(I) THE ESCROW, CLOSING, OR SETTLEMENT PRACTICES OF A
TITLE INSURANCE PRODUCER; OR
(II) THE CONTENTS OF THE ESCROW, CLOSING, OR SETTLEMENT
FILES OR RECORDS OF A TITLE INSURANCE PRODUCER; AND .
(3) ANY REPORT OF THE EXAMINATION ISSUED IN ACCORDANCE WITH §
2-209 OF THIS SUBTITLE SHALL BE MADE WITH RESPECT TO EACH AUTHORIZED
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