Ch. 35 1997 LAWS OF MARYLAND

"Surety insurance" § 1-101
"Title insurance" § 1-101

"Wet marine and transportation insurance" § 1-101
11-203. RESERVED.
11-204. RESERVED.

PART II. RATE MAKING — IN GENERAL.
11-205. RATE MAKING PRINCIPLES GENERALLY.

(A) IN GENERAL.

ALL RATES SHALL BE MADE IN ACCORDANCE WITH THE PRINCIPLES SET
FORTH IN THIS SECTION.

(B) UNIFORMITY AMONG INSURERS.

UNIFORMITY AMONG INSURERS IN MATTERS WITHIN THE SCOPE OF THIS
SUBTITLE IS NEITHER REQUIRED NOR PROHIBITED.

(C) FACTORS TO BE CONSIDERED.

DUE CONSIDERATION SHALL BE GIVEN TO:

(1) PAST AND PROSPECTIVE LOSS EXPERIENCE WITHIN AND OUTSIDE

THE STATE;

(2) CONFLAGRATION AND CATASTROPHE HAZARDS, IF ANY;

(3) PAST AND PROSPECTIVE EXPENSES, BOTH COUNTRYWIDE AND
THOSE SPECIALLY APPLICABLE TO THE STATE;

(4) UNDERWRITING PROFITS;

(5) CONTINGENCIES;

(6) INVESTMENT INCOME FROM UNEARNED PREMIUM RESERVE AND
RESERVE FOR LOSSES;

(7) DIVIDENDS, SAVINGS, OR UNABSORBED PREMIUM DEPOSITS
ALLOWED OR RETURNED BY INSURERS TO POLICYHOLDERS; AND

(8) ALL OTHER RELEVANT FACTORS WITHIN AND OUTSIDE THE STATE.

(D) EXCESSIVE, INADEQUATE, OR UNFAIRLY DISCRIMINATORY RATES.

RATES MAY NOT BE EXCESSIVE, INADEQUATE, OR UNFAIRLY
DISCRIMINATORY.

(E) SYSTEMS OF EXPENSE PROVISIONS.

THE SYSTEMS OF EXPENSE PROVISIONS INCLUDED IN THE RATES FOR USE BY
AN INSURER OR GROUP OF INSURERS MAY DIFFER FROM THOSE OF OTHER
INSURERS OR GROUPS OF INSURERS TO REFLECT THE REQUIREMENTS OF THE

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