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Session Laws, 1996
Volume 794, Page 241   View pdf image
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PARRIS N. GLENDENING, Governor

Ch. 11

(6)     FILE REPORTS IN A FORM ACCEPTABLE TO THE COMMISSIONER
ABOUT THE MARKET VALUE OF ITS ASSETS;

(7)     LIMIT OR WITHDRAW FROM CERTAIN INVESTMENTS OR
DISCONTINUE CERTAIN INVESTMENT PRACTICES TO THE EXTENT THAT THE
COMMISSIONER CONSIDERS NECESSARY;

(8)     DOCUMENT THE ADEQUACY OF PREMIUM RATES IN RELATION TO
RISKS INSURED; OR

(9)     FILE, IN ADDITION TO REGULAR ANNUAL STATEMENTS, INTERIM
FINANCIAL REPORTS ON THE FORM ADOPTED BY THE NATIONAL ASSOCIATION OF
INSURANCE COMMISSIONERS OR IN ANOTHER FORM REQUIRED BY THE
COMMISSIONER.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 131C(a).

Defined terms: "Authorized insurer" § 1-101
"Commissioner" § 1-101
"Insurance" § 1-101
"Policy" § 1-101
"Premium" § 1-101
"Reinsurance" § 1-101

9-104. RIGHT TO HEARING AND APPEAL.

AN AUTHORIZED INSURER AGGRIEVED BY AN ORDER OF THE COMMISSIONER
UNDER THIS SUBTITLE HAS THE RIGHT TO A HEARING AND THE RIGHT TO APPEAL
FROM THE ACTION OF THE COMMISSIONER IN ACCORDANCE WITH §§ 2-210
THROUGH 2-215 OF THIS ARTICLE.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 131C(b).

The former reference to Art. 48A, "§ 38(1)", a provision that required
hearings to be public, is deleted as unnecessary, since § 2-213 of this article
requires all hearings to be public except hearings on rates and rating
organizations under Title 11 of this article.

Defined terms: "Authorized insurer" § 1-101
"Commissioner" § 1-101

SUBTITLE 2. LIQUIDATION, REHABILITATION, REORGANIZATION, AND

CONSERVATION.

9-201. DEFINITIONS.

(A) IN GENERAL.

IN THIS SUBTITLE THE FOLLOWING WORDS HAVE THE MEANINGS INDICATED.

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Session Laws, 1996
Volume 794, Page 241   View pdf image
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