HARRY HUGHES, Governor 3435
MAY BE SUBSTANTIALLY TO LESSEN COMPETITION IN THE BUSINESS OF
INSURANCE OF ANY KIND, SUBDIVISION, OR CLASS; OR
(5) MAKE ANY AGREEMENT WITH ANY OTHER INSURER OR
RATING ORGANIZATION TO REFUSE TO DEAL WITH ANY PERSON IN
CONNECTION WITH THE SALE OF INSURANCE.
(C) AN INSURER MAY NOT ACQUIRE OR RETAIN ANY CAPITAL STOCK
OR ASSETS OF, OR HAVE ANY COMMON MANAGEMENT WITH, ANY OTHER
INSURER IF SUCH ACQUISITION, RETENTION, OR COMMON MANAGEMENT
SUBSTANTIALLY LESSENS COMPETITION IN THE BUSINESS OF INSURANCE OF
ANY KIND, SUBDIVISION, OR CLASS.
(D) A RATING ORGANIZATION, OR MEMBER OR SUBSCRIBER THEREOF
MAY NOT INTERFERE WITH THE RIGHT OF ANY INSURER TO MAKE ITS RATES
INDEPENDENTLY OF THAT RATING ORGANIZATION OR TO CHARGE RATES
DIFFERENT FROM THE RATES MADE BY THAT RATING ORGANIZATION.
(E) A RATING ORGANIZATION MAY NOT HAVE OR ADOPT ANY RULE OR
EXACT ANY AGREEMENT, OR FORMULATE OR ENGAGE IN ANY PROGRAM WHICH
WOULD REQUIRE ANY MEMBER, SUBSCRIBER, OR OTHER INSURER TO:
(1) UTILIZE SOME OR ALL OF ITS SERVICES;
(2) ADHERE TO ITS RATES, RATING PLAN, RATING SYSTEMS,
UNDERWRITING RULES, OR POLICY FORMS; OR
(3) PREVENT ANY INSURER FROM ACTING INDEPENDENTLY.
244N.
ANY RATE IN VIOLATION OF § 244M OF THIS SUBTITLE SHALL BE
DISAPPROVED BY THE COMMISSIONER IN ACCORDANCE WITH THE PROCEDURES
PRESCRIBED IN § 244-I OF THIS SUBTITLE, AND EACH VIOLATOR SHALL
BE SUBJECT TO THE PENALTIES PROVIDED IN § 244U OF THIS SUBTITLE.
244-0.
THE COMMISSIONER MAY MAINTAIN AN ACTION TO ENJOIN ANY
VIOLATION OF § 244M OF THIS SUBTITLE.
244P.
(A) INSURERS SHALL FILE WITH THE COMMISSIONER, AND THE
COMMISSIONER SHALL REVIEW, REASONABLE RULES AND PLANS FOR
RECORDING AND REPORTING OF LOSS AND EXPENSE EXPERIENCE IN
APPROPRIATE FORM AND DETAIL. THE COMMISSIONER MAY DESIGNATE 1 OR
MORE RATING ORGANIZATIONS TO ASSIST IN GATHERING SUCH EXPERIENCE
AND MAKING COMPILATIONS THEREOF. AN INSURER MAY NOT BE REQUIRED
TO RECORD OR REPORT ITS EXPERIENCE ON A CLASSIFICATION BASIS
INCONSISTENT WITH ITS OWN RATING SYSTEM.
(B) THE COMMISSIONER AND EVERY INSURER AND RATING
ORGANIZATION MAY EXCHANGE INFORMATION AND EXPERIENCE DATA WITH
INSURANCE REGULATORY OFFICIALS, INSURERS, AND RATING
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