Ch. 11

1996 LAWS OF MARYLAND

(II) STATE THAT A HEARING ON THE DISAPPROVAL WILL BE HELD
WITHIN 20 DAYS AFTER RECEIPT OF A WRITTEN REQUEST BY THE INSURER.

(4) AFTER NOTIFICATION OF DISAPPROVAL, AN INSURER MAY NOT
ISSUE OR USE THE DISAPPROVED FORM OR PREMIUM RATE.

(C)     ISSUANCE OR USE OF FORMS OR RATES DURING WAITING PERIOD.

AN INSURER MAY NOT ISSUE OR USE A FORM OR PREMIUM RATE FILED
UNDER THIS SECTION UNTIL THE END OF THE 60-DAY PERIOD UNLESS THE
COMMISSIONER APPROVES THE FILING IN WRITING BEFORE THE END OF THE
PERIOD.

(D)     WITHDRAWAL OF APPROVAL.

(1)      THE COMMISSIONER MAY WITHDRAW APPROVAL OF A FORM OR
PREMIUM RATE IF THE COMMISSIONER:

(I)       NOTIFIES THE INSURER IN WRITING OF THE PROPOSED
WITHDRAWAL;

(II)     SPECIFIES IN THE NOTICE THE REASON FOR WITHDRAWAL;

(III)    STATES THAT A HEARING ON THE WITHDRAWAL WILL BE
HELD NOT LESS THAN 20 DAYS AFTER THE DATE OF THE NOTICE; AND

(IV)    BASES THE WITHDRAWAL OF APPROVAL ON A GROUND SET
FORTH IN SUBSECTION (B)(1) OF THIS SECTION.

(2)      AN INSURER MAY NOT ISSUE OR USE A FORM OR PREMIUM RATE
AFTER THE EFFECTIVE DATE OF WITHDRAWAL OF APPROVAL BY THE
COMMISSIONER.

(E)     GROUP POLICIES.

(1)      IF A GROUP POLICY 'OF CREDIT LIFE INSURANCE, CREDIT HEALTH
INSURANCE, OR CREDIT INVOLUNTARY UNEMPLOYMENT BENEFIT INSURANCE WAS
DELIVERED IN THE STATE BEFORE APRIL 28, 1970, OR IS DELIVERED IN ANOTHER
STATE, THE INSURER SHALL FILE WITH THE COMMISSIONER ONLY THE GROUP
CERTIFICATE AND NOTICE OF PROPOSED INSURANCE THAT HAVE BEEN DELIVERED
OR ISSUED FOR DELIVERY IN THIS STATE.

(2)      THE COMMISSIONER SHALL APPROVE THE GROUP CERTIFICATE
AND NOTICE OF PROPOSED INSURANCE IF:

(I)       THE GROUP CERTIFICATE AND NOTICE CONFORM WITH §§
13-108(B) AND 13-109(B) OF THIS TITLE; AND

(II)     THE SCHEDULE OF PREMIUM RATES FOR THE GROUP
INSURANCE DOES NOT EXCEED THE SCHEDULE OF PREMIUM RATES THAT THE
INSURER HAS FILED WITH THE COMMISSIONER.

(F)      MAXIMUM COMMISSIONS AND POLICYHOLDER BENEFITS.

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