HARRY HUGHES, Governor

831

(i) The substance of [this] THE pertinent provisions of
subsections (b) and (d) of this section shall be set forth in the
policies to which they apply.

436-I.

(f) (2) Within 120 days after the expiration of the
experience period for any case established pursuant to [§
436C(8)] § 436C(C)(9), the insurer shall file with the
Commissioner an appropriate experience report signed by its
actuary which certifies the loss ratio for the case. If the loss
ratio certified for the case satisfies the loss ratio promulgated
by the Commissioner, the insurer may continue to charge the
existing premium rates.

478A.

The purposes of this subtitle are:

(7) To authorize the Maryland Joint Insurance
Association to offer certain [homeowners] HOMEOWNER'S insurance
coverage for eligible risks.

(10) To utilize fully the voluntary insurance market
as a source of essential property and [homeowners] HOMEOWNER'S
insurance.

478B.

As used in this subtitle, unless the context otherwise
requires:

(7) "[Homeowners] HOMEOWNER'S insurance" means a
policy of insurance providing a combination of coverages,
including fire, extended coverage, vandalism and malicious
mischief, burglary, theft, and personal liability as applicable
to residential properties.

478C.

(7) The program of operation shall provide for:
(i) immediate binding of eligible risks; (ii) notwithstanding
any provisions of [§ 240A through 240D] §§ 240A THROUGH 240D of
this article to the contrary, underwriting guidelines and
procedures to be utilized by the association which permit the
association to shorten the cancellation period of policies of
essential property insurance and homeowner's insurance for
certain conditions that are determined to exist; (iii) a premium
installment plan; and (iv) the establishment of adequate
marketing and service facilities in all designated areas.

486C.