PARRIS N. GLENDENING, Governor
Ch. 35
(E) SUPPLEMENTARY RATE INFORMATION.
"SUPPLEMENTARY RATE INFORMATION" INCLUDES A MANUAL OR PLAN OF
RATES, STATISTICAL PLAN, CLASSIFICATION, RATING SCHEDULE, MINIMUM
PREMIUM, POLICY FEE, RATING RULE, RATE-RELATED UNDERWRITING RULE,
MINIMUM RATE, CLASS RATE, RATING PLAN, MANUAL OR SCHEDULE OF RATES OR
PREMIUMS, RULE OR REGULATION THAT GOVERNS THE SETTING OR MAKING OF
RATES OR PREMIUMS, AND ANY OTHER INFORMATION, NOT OTHERWISE
INCONSISTENT WITH THE PURPOSES OF THIS TITLE, THAT THE COMMISSIONER
REQUIRES BY REGULATION.
REVISOR'S NOTE: This subsection is new language derived without substantive
change from former Art. 48A, § 244A(f) and, as they described supplementary
rate information, the first sentences of §§ 242(d)(1) and 242A(c)(l).
Under the former law, the defined term "supplementary rate information"
applied only to Subtitle 16B of former Art. 48A (Regulation of competitive
rating), which is revised as Subtitle 3 of this title. As revised, the defined term
consolidates and standardizes the separate descriptions under the former law
of rate information required to be filed, to allow use of the defined term to
describe information required to be filed under former Art. 48A, § 242 (Prior
approval rate making), which is revised as Subtitle 2 of this title, and under
former Art. 48A, § 242A (Title insurance rating), which is revised as Subtitle
4 of this title as well as under Subtitle 3 of this title. No substantive change is
intended.
Defined terms: "Commissioner" § 1-101
"Policy" § 1-101
"Premium" § 1-101
"Rate" § 11-101
(F) WORKING DAY.
"WORKING DAY" MEANS A DAY WHEN THE ADMINISTRATION IS OPEN FOR
BUSINESS.
REVISOR'S NOTE: This subsection is new language derived without substantive
change from the sixth sentence of former Art. 48A, § 242(d)(7).
Under the former law, the term "working day[s]" was defined only for
purposes of former Art. 48A, § 242 (Prior approval rate making), which is
revised as Subtitle 2 of this title. The term "working day" is revised to apply to
the entire title to clarify its meaning when used under Subtitle 16B of former
Art. 48A (Regulation of competitive rating), which is revised as Subtitle 3 of
this title, and former Art. 48A, § 242A (Title insurance rating), which is
revised as Subtitle 4 of this title. No substantive change is intended.
Defined term: "Administration" § 1-101
- 801 -
|
![clear space](../../../images/clear.gif) |