HARRY HUGHES, Governor

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(8)  INSURANCE PROVIDED UNDER THE MARYLAND AUTOMOBILE
INSURANCE FUND, THE MARYLAND STATE ACCIDENT FUND, THE JOINT
INSURANCE ASSOCIATION, AND THE PROFESSIONAL AND EXECUTIVE
LIABILITY FUND;

(9)  TITLE INSURANCE;

(10)  MEDICAL MALPRACTICE INSURANCE;

(11)  ANY FORM OR PLAN OF INSURANCE REGULATED UNDER §
231 OF THIS ARTICLE; AND

(12)  SURETY.

244C.

IF AND TO THE EXTENT THAT THE COMMISSIONER FINDS THEIR
APPLICATION UNNECESSARY TO ACHIEVE THE PURPOSES OF THIS SUBTITLE,
THE COMMISSIONER MAY BY RULE EXEMPT ANY PERSON OR CLASS OF
PERSONS, OR ANY LINE OR LINES OF INSURANCE FROM ANY OR ALL OF THE
PROVISIONS OF THIS SUBTITLE.

244D.

THE FOLLOWING STANDARDS APPLY TO THE MAKING AND USE OF RATES
PERTAINING TO ALL CLASSES OF INSURANCE TO WHICH THIS SUBTITLE IS
APPLICABLE:

(A) (1) RATES MAY NOT BE:

(I)  EXCESSIVE OR INADEQUATE, AS DEFINED UNDER
THIS SUBTITLE; OR

(II)  UNFAIRLY DISCRIMINATORY.

(2)  A RATE MAY NOT BE HELD TO BE EXCESSIVE UNLESS:

(I)  THE RATE IS UNREASONABLY HIGH FOR THE
INSURANCE PROVIDED; AND

(II)  THE COMMISSIONER HAS ISSUED A RULING UNDER
§ 244-I(C) OF THIS SUBTITLE THAT A REASONABLE DEGREE OF
COMPETITION DOES NOT EXIST IN A MARKET TO WHICH THE RATE IS
APPLICABLE.

(3)  A RATE MAY NOT BE HELD TO BE INADEQUATE UNLESS:

(I)  IT IS UNREASONABLY LOW FOR THE INSURANCE
PROVIDED AND CONTINUED USE OF IT WOULD ENDANGER SOLVENCY OF THE
INSURER; OR

(II)  THE RATE IS UNREASONABLY LOW FOR THE
INSURANCE PROVIDED AND THE USE OF THE RATE BY THE INSURER HAS HAD
OR, IF CONTINUED, WILL HAVE THE EFFECT OF DESTROYING COMPETITION
OR OF CREATING MONOPOLY.