Ch. 35

1997 LAWS OF MARYLAND

SUBTITLE 2. PRIOR APPROVAL RATE MAKING.
PART I. GENERAL PROVISIONS.
11-201. PURPOSES, INTENT, AND INTERPRETATION OF SUBTITLE.

(A) PURPOSES OF SUBTITLE.

THE PURPOSES OF THIS SUBTITLE ARE:

(1) TO PROMOTE THE PUBLIC WELFARE BY REGULATING INSURANCE
RATES SO THAT THEY ARE NOT EXCESSIVE, INADEQUATE, OR UNFAIRLY
DISCRIMINATORY; AND

(2) TO AUTHORIZE AND REGULATE COOPERATIVE ACTION AMONG
INSURERS IN RATE MAKING AND IN OTHER MATTERS WITHIN THE SCOPE OF THIS
SUBTITLE.

(B) INTENT OF SUBTITLE.

THIS SUBTITLE IS NOT INTENDED:

(1) TO PROHIBIT OR DISCOURAGE REASONABLE COMPETITION; OR

(2) TO PROHIBIT OR, EXCEPT TO THE EXTENT NECESSARY TO
ACCOMPLISH THE PURPOSES STATED IN SUBSECTION (A) OF THIS SECTION, TO
ENCOURAGE UNIFORMITY IN INSURANCE RATES, RATING SYSTEMS, RATING PLANS,
OR RATING PRACTICES.

(C) INTERPRETATION OF SUBTITLE.

THIS SUBTITLE SHALL BE INTERPRETED LIBERALLY TO CARRY OUT THE
PROVISIONS OF THIS SECTION.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 241.

Defined terms: "Insurance" § 1-101
"Insurer" § 1-101
"Rate" § 11-101

11-202. SCOPE OF SUBTITLE.

(A) IN GENERAL.

(1) THIS SUBTITLE APPLIES TO ALL TYPES OF INSURERS.

(2) EXCEPT AS PROVIDED IN SUBSECTION (B) OF THIS SECTION, THIS
SUBTITLE APPLIES TO:

(I) PROPERTY INSURANCE;

(II) CASUALTY INSURANCE;

(III) SURETY INSURANCE;

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