HARRY HUGHES, Governor                                     3433

CLOSER SUPERVISION OF ITS RATES BECAUSE OF THE INSURER'S
FINANCIAL CONDITION OR REPETITIVE FILING OF RATES WHICH ARE NOT
IN COMPLIANCE WITH § 244D OF THIS SUBTITLE.

(B)  THE COMMISSIONER MAY EXTEND THE WAITING PERIOD FOR ANY
FILING FOR A PERIOD NOT EXCEEDING 30 ADDITIONAL DAYS BY WRITTEN
NOTICE TO THE INSURER BEFORE THE 30-DAY PERIOD EXPIRES.

(C)  THE FILING SHALL BE APPROVED OR DISAPPROVED DURING THE
WAITING PERIOD AND IF NOT DISAPPROVED BEFORE THE EXPIRATION OF
THE WAITING PERIOD SHALL BE DEEMED TO MEET THE REQUIREMENTS OF
THIS SUBTITLE, SUBJECT TO THE POSSIBILITY OF SUBSEQUENT
DISAPPROVAL UNDER § 244-I OF THIS SUBTITLE.

(D)  ANY INSURER AFFECTED BY THE COMMISSIONER'S ACTIONS
UNDER THIS SECTION MAY REQUEST A REHEARING BY THE COMMISSIONER
AFTER THE EXPIRATION OF 12 MONTHS FROM THE DATE OF THE
COMMISSIONER'S FORMER ORDER.

244K.

(A) (1) IF THE COMMISSIONER FINDS THAT COMPETITION IS NOT
AN EFFECTIVE REGULATOR OF THE RATES CHARGED OR THAT A SUBSTANTIAL
NUMBER OF COMPANIES ARE COMPETING IRRESPONSIBLY THROUGH THE RATES
CHARGED, OR THAT THERE ARE WIDESPREAD VIOLATIONS OF THIS
SUBTITLE, IN ANY KIND OR LINE OF INSURANCE OR SUBDIVISIONS
THEREOF OR IN ANY RATING CLASS OR RATING TERRITORY, THE
COMMISSIONER MAY ADOPT A RULE REQUIRING THAT, IN THE KIND OR LINE
OF INSURANCE OR SUBDIVISION THEREOF, OR RATING CLASS OR RATING
TERRITORY COMPREHENDED BY THE FINDING, ANY SUBSEQUENT CHANGES IN
THE RATES OR SUPPLEMENTARY RATES INFORMATION BE FILED WITH THE
COMMISSIONER AT LEAST 30 WORKING DAYS BEFORE THEY BECOME
EFFECTIVE.

(2) THE COMMISSIONER MAY EXTEND THE WAITING PERIOD
FOR A PERIOD NOT TO EXCEED 30 ADDITIONAL WORKING DAYS BY WRITTEN
NOTICE TO THE FILER BEFORE THE FIRST 30-DAY PERIOD EXPIRES.

(B)  THE COMMISSIONER MAY REQUIRE THE FILING OF SUPPORTING
DATA AS TO ANY OR ALL KINDS OR LINES OF INSURANCE OR SUBDIVISIONS
THEREOF OR CLASSES OF RISKS OR COMBINATIONS THEREOF AS THE
COMMISSIONER DEEMS NECESSARY FOR THE PROPER FUNCTIONING OF THE
RATE MONITORING AND REGULATING PROCESS. THE SUPPORTING DATA
SHALL INCLUDE:

(1)  THE EXPERIENCE AND JUDGMENT OF THE FILER, AND TO
THE EXTENT THE FILER WISHES OR THE COMMISSIONER REQUIRES, THE
EXPERIENCE AND JUDGMENT OF OTHER INSURERS OR RATE SERVICE
ORGANIZATIONS;

(2)  THE FILER'S INTERPRETATION OF ANY STATISTICAL
DATA RELIED UPON;

(3)  A DESCRIPTION OF THE ACTUARIAL AND STATISTICAL
METHODS EMPLOYED IN SETTING THE RATES; AND