3426

LAWS OF MARYLAND

Ch. 737

(5) TO PROVIDE RATES THAT ARE RESPONSIVE TO
COMPETITIVE MARKET CONDITIONS AND TO IMPROVE THE AVAILABILITY OF
INSURANCE IN THE STATE.

244A.

(A)  IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS
INDICATED.

(B)  "COMPETITIVE MARKET" MEANS ANY MARKET EXCEPT THOSE
WHICH, BY APPLICATION OF THE STANDARDS IN § 244D OF THIS
SUBTITLE, HAVE BEEN DETERMINED TO BE NONCOMPETITIVE UNDER § 244-1
OF THIS SUBTITLE.

(C)  "MARKET" MEANS THE INTERACTION IN A GEOGRAPHICAL AREA,
CONSISTING OF NO LESS THAN ONE ENTIRE MARYLAND COUNTY, BETWEEN
BUYERS AND SELLERS OF A PARTICULAR LINE OF INSURANCE.

(D)  "RATE" OR "RATES" MEANS RATE OF PREMIUM, POLICY AND
MEMBERSHIP FEE, OR ANY OTHER CHARGE MADE BY AN INSURER FOR OR IN
CONNECTION WITH A CONTRACT OR POLICY OF INSURANCE OF THE KIND TO
WHICH THIS SUBTITLE APPLIES.

(E)  "RATING ORGANIZATION" MEANS ANY ORGANIZATION OR PERSON
LICENSED UNDER § 242(G) OF THIS ARTICLE.

(F)  "SUPPLEMENTARY RATE INFORMATION" INCLUDES ANY MANUAL OR
PLAN OF RATES, STATISTICAL PLAN, CLASSIFICATION, RATING SCHEDULE,
MINIMUM PREMIUM POLICY FEE, RATING RULE, RATE-RELATED
UNDERWRITING RULE, AND ANY OTHER INFORMATION, NOT OTHERWISE
INCONSISTENT WITH THE PURPOSES OF THIS SUBTITLE, PRESCRIBED BY
RULE OF THE COMMISSIONER.

244B.

NOTWITHSTANDING § 242 OF THIS ARTICLE, THIS SUBSECTION
APPLIES TO THE ESTABLISHMENT OF RATES FOR ALL TYPES OF INSURANCE
EXCEPT:

(1)  LIFE INSURANCE;

(2)  ANNUITIES;

(3)  ACCIDENT AND HEALTH INSURANCE;

(4)  MARINE INSURANCE AS DESCRIBED IN § 242(B)(2) OF
THIS ARTICLE;

(5)  AIRCRAFT INSURANCE AS DESCRIBED IN § 242(B)(3) OF
THIS ARTICLE;

(6)  REINSURANCE;

(7)  WORKMEN'S COMPENSATION AND EMPLOYER'S LIABILITY
INSURANCE WRITTEN IN CONNECTION WITH WORKMEN'S COMPENSATION;