Ch. 596

LAWS OF MARYLAND

(iv) Reserves for incurred but not reported
claims at the end of the current year; minus

(v) Reserves for incurred but not reported
claims at the end of the previous year; plus

(vi) Loss adjustment expenses paid; plus

(vii) Reserves for reported loss adjustment
expenses at the end of the current year; plus

(viii) Reserves for unreported loss adjustment
expenses at the end of the current year; minus

(ix) Reserves for reported loss adjustment
expenses at the end of the previous year; minus

(x) Reserves for unreported loss adjustment
expenses at the end of the previous year;

(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:

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