2344

LAWS OF MARYLAND

Ch. 638

(6)  The Commissioner shall review filings as soon as
reasonably possible after they have been made in order to
determine whether they meet the requirements of this section.

(7)  Subject to the exception specified in paragraphs
(8) and (9) of this subsection, each filing shall be on file for
a waiting period of 30 working days before it becomes effective,
which period may be extended by the Commissioner for an
additional period not to exceed 30 working days if he gives
written notice within this waiting period to the insurer or
rating organization which made the filing that he needs the
additional time for the consideration of the filing. Upon
written application by the insurer or rating organization, the
Commissioner may authorize a filing which he has reviewed to
become effective before the expiration of the waiting period or
any extension thereof or at any later date. A filing shall be
deemed approved unless disapproved by the Commissioner within the
waiting period or any extension thereof. A filing may be
withdrawn or amended by the filer at any time prior to approval.
After approval or disapproval, a filing may be withdrawn or
amended only upon approval of the Commissioner, who shall make
the approval in accordance with this section. "Working days" are
defined as those days on which the Insurance Division is open for
business.

(8)  Inland marine risks which by general custom of
the business are not written according to manual rates or rating
plans need not be filed, but specific inland marine rates on
risks specially related by a rating organization shall be filed,
become effective when filed, and remain effective until the
Commissioner finds the filing does not meet the requirements of
this section.

(9)  Any special filing with respect to a surety or
guarantee bond required by law or by court or executive order or
by order, rule or regulation of a public body, not covered by a
previous filing shall become effective when filed and remain
effective until the Commissioner finds that it does not meet the
requirements of this section.

(10)  In the case of fire insurance rates,
consideration shall be given to experience during a period of not
less than the most recent five-year period for which experience
is available.

(11)  The Commissioner may, by written order, suspend
or modify the requirement of filing as to any kind of insurance,
subdivision or combination thereof, or as to classes of risks,
the rates for which cannot practically be filed before they are
used.

(12)  AN INSURER THAT PROVIDES PROFESSIONAL LIABILITY
INSURANCE TO A PHYSICIAN OR OTHER HEALTH CARE PROVIDER SHALL
NOTIFY EACH POLICYHOLDER IN WRITING: