Ch. 590

LAWS OF MARYLAND

(5) INCURRED EXPENSES ALLOCATED SEPARATELY TO
COMMISSIONS, OTHER ACQUISITION COSTS, GENERAL EXPENSES, TAXES,
LICENSES, AND FEES, USING APPROPRIATE ESTIMATES WHEN NECESSARY;

(6) NET UNDERWRITING GAIN OR LOSS;

(7) NET OPERATING GAIN OR LOSS, INCLUDING NET
INVESTMENT INCOME;

(8) CLAIMS CLOSED WITHOUT INDEMNITY PAYMENT; AND

(9) ANY OTHER INFORMATION THAT THE COMMISSIONER DEEMS
NECESSARY.

(E) REPORTS UNDER THIS SECTION SHALL BE FILED WITH THE
COMMISSIONER ON OR BEFORE MARCH 1 OF EACH YEAR.

(F) THE COMMISSIONER SHALL:

(1) COLLECT, COMPILE, REVIEW, AND ABSTRACT ALL
REPORTS SUBMITTED BY INSURERS UNDER THIS SECTION;

(2) SUBJECT TO § 2-1312 OF THE STATE GOVERNMENT
ARTICLE, SUBMIT TO THE GOVERNOR AND THE MARYLAND GENERAL
ASSEMBLY, ON OR BEFORE OCTOBER 1 OF EACH YEAR, A REPORT
CONTAINING;

(I) AN ABSTRACT OF THE DATA SUBMITTED BY
INSURERS UNDER THIS SECTION;

(II) FOR EACH OF THOSE LINES OF INSURANCE FOR
WHICH AN INSURER MUST FILE AN ANNUAL REPORT UNDER THIS SECTION,
AN EVALUATION OF;

1. THE PROFITABILITY AND COMPETITIVENESS
OF EACH LINE;

2. THE EXTENT TO WHICH RATES FOR EACH
LINE HAVE INCREASED OR DECREASED OVER THE PREVIOUS YEAR; AND

3. THE EXTENT TO WHICH INVESTMENT INCOME
OFFSETS UNDERWRITING LOSS IN EACH LINE; AND

4. INFORMATION REGARDING HEARINGS
CONDUCTED PURSUANT TO ARTICLE 48A, 244-I OF THE CODE THAT
RELATE TO WORKERS' COMPENSATION INSURANCE RATES; AND

(III) RECOMMENDATIONS, IF APPROPRIATE, FOR
STATUTORY OR ADMINISTRATIVE CHANGES THAT CAN REDUCE OR CONTAIN
THE COST OF THOSE LINES OF INSURANCE THAT ARE SUBJECT TO THE
PROVISIONS OF THIS SECTION; AND

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