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Session Laws, 1987
Volume 769, Page 2670   View pdf image
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Ch. 590

LAWS OF MARYLAND

(4)  Marine insurance as described in § 242(b)(2) of
this article;

(5)  Aircraft insurance as described in § 242(b)(3) of
this article;

(6)  Reinsurance;

[(7) Workmen's compensation and employer's liability
insurance written in connection with workmen's compensation;]

[(8)] (7) Insurance provided under the Maryland
Automobile Insurance Fund, the Maryland State Accident Fund, the
Joint Insurance Association, and the Professional and Executive
Liability Fund;

[(9)] (8) Title insurance;

[(10)] (9) Medical malpractice insurance;

[(11)] (10) Any form or plan of insurance regulated
under § 231 of this article; and

[(12)] (11) Surety.

244G.

(a)  (1) An insurer may itself establish rates and
supplementary rate information based on the factors in § 244D of
this subtitle [or it] ;OR

(2) EXCEPT FOR WORKERS' COMPENSATION INSURANCE RATES,
AN INSURER may use rates and supplementary rate information
prepared by a rating organization, with average loss factors or
expense factors determined by the rating organization or with
such modification for its own expense and loss experience as the
credibility of that experience allows.

(b)   [An] EXCEPT FOR WORKERS' COMPENSATION INSURANCE RATES,
AN insurer may discharge its obligations under § 244D of this
subtitle by giving notice to the Commissioner that it uses rates
and supplementary rate information prepared and filed with the
Commissioner by a designated rating organization of which it is a
member or subscriber with such information about modifications
thereof as are necessary fully to inform the Commissioner. The
insurer's rates and supplementary rate information shall be those
filed from time to time by the rating organization including any
amendments thereto as filed, subject, however, to modifications
filed by the insurer.

(C) EACH WORKERS' COMPENSATION INSURER SHALL BE A MEMBER OF
A WORKERS' COMPENSATION RATING ORGANIZATION. EACH WORKERS'

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Session Laws, 1987
Volume 769, Page 2670   View pdf image
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