PARRIS N. GLENDENING, Governor

Ch. 11

(1)      THE PURPOSE OF THIS SUBSECTION IS TO ENSURE THAT THE
CREDIT LIFE INSURANCE, CREDIT HEALTH INSURANCE, OR CREDIT INVOLUNTARY
UNEMPLOYMENT BENEFIT INSURANCE OPERATIONS OF THE INSURER DO NOT:

(I)       RESULT IN RATES THAT ARE EXCESSIVE IN RELATION TO
BENEFITS;

(II)     ENDANGER THE SOLVENCY OF THE INSURER SO THAT ITS
TRANSACTION OF BUSINESS IS HAZARDOUS TO ITS POLICYHOLDERS OR THE
PUBLIC; OR

(III)    ADVERSELY AFFECT ANOTHER CLASS OF BUSINESS OF THE
INSURER.

(2)      TO ACCOMPLISH THIS PURPOSE, THE COMMISSIONER MAY
ESTABLISH:

(I)       THE MAXIMUM RATES OF COMMISSION OR OTHER
COMPENSATION THAT MAY BE PAID TO AGENTS OR BROKERS; AND

(II)     STANDARDS FOR THE MAXIMUM AMOUNTS OF DIVIDENDS,
RETROSPECTIVE RATE CREDITS, AND ANY OTHER FORM OF REFUND OR BENEFIT
TO POLICYHOLDERS.

(G) JUDICIAL REVIEW.

AN ORDER OF THE COMMISSIONER UNDER THIS SECTION IS SUBJECT TO
JUDICIAL REVIEW IN ACCORDANCE WITH § 2-215 OF THIS ARTICLE.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 436H.

In subsection (a) of this section, the reference to each "form" is added for
clarity and accuracy.

In subsection (b)(1)(i) of this section, the former phrase "charged or to be
charged" is deleted as surplusage.

In subsection (b)(1)(ii)3 of this section, the former reference to a "rule" is
deleted as unnecessary in light of the term "regulation". See the General
Revisor's Note to this article.

In subsection (b)(3)(ii) of this section, the reference to a hearing being held
after "receipt of a written request is added for clarity.

In subsection (c) of this section, the reference to a "form" is substituted for
the former references to a "policy", "certificate of insurance", "notice of
proposed insurance", "application", "endorsement", or "rider" for brevity
and consistency with subsection (a) of this section.

In subsection (d)(1) of this section, the phrase "premium rate" is added for
consistency throughout this section.

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