WILLIAM DONALD SCHAEFER, Governor                   Ch. 590

244A.

(a)  In this subtitle the following words have the meanings
indicated.

(b)  "Competitive market" means any market except those
which, by application of the standards in § 244D of this
subtitle, have been determined to be noncompetitive under § 244-1
of this subtitle.

(c)  "Market" means the interaction in a geographical area,
consisting of no less than one entire Maryland county, between
buyers and sellers of a particular line of insurance.

(d)  "Rate" or "rates" means rate of premium, policy and
membership fee, or any other charge made by an insurer for or in
connection with a contract or policy of insurance of the kind to
which this subtitle applies.

(e)  "Rating organization" means any organization or person
licensed under § 242(g) of this article.

(f)  "Supplementary rate information" includes any manual or
plan of rates, statistical plan, classification, rating schedule,
minimum premium policy fee, rating rule, rate-related
underwriting rule, and any other information, not otherwise
inconsistent with the purposes of this subtitle, prescribed by
rule of the Commissioner.

(G) "PROVISION FOR CLAIM PAYMENT" MEANS AN ESTIMATE
EXPRESSED AS PER UNIT OF EXPOSURE BASIS FOR THE MONETARY AMOUNT
ULTIMATELY TO BE NEEDED TO PAY WORKERS' COMPENSATION INSURANCE
CLAIMS, EXCLUDING ALL LOSS ADJUSTMENT OR CLAIM MANAGEMENT
EXPENSES, OTHER OPERATING EXPENSES, ASSESSMENTS, TAXES, AND
PROFIT OR CONTINGENCY ALLOWANCES.

(H) "NET INVESTMENT INCOME" MEANS MONEYS COLLECTED PLUS

MONEYS ACCRUED AND DUE FOR THE CURRENT YEAR EARNINGS AND GAINS

FROM INVESTMENT ACTIVITIES MET OF RELATED EXPENSES AS REPORTED TO
THE COMMISSIONER UNDER § 58 OF THIS ARTICLE MINUS CURRENT
INVESTMENT EXPENSES AND MONEYS DUE AND ACCRUED FROM THE PRECEDING
YEAR.

244B.

Notwithstanding § 242 of this article, this subtitle applies
to the establishment of rates for all types of insurance except:

(1)  Life insurance;

(2)  Annuities;

(3)  Accident and health insurance;

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