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Session Laws, 1997
Volume 795, Page 808   View pdf image
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Ch. 35

1997 LAWS OF MARYLAND

In subsection (a)(1) of this section, the defined term "supplementary rate
information" is substituted for the former list of information required to be
filed in addition to policy forms and rates.

In subsection (b)(1)(i) of this section, the reference to the information on
which the "insurer" supports the filing is substituted for the former reference
to the "insured" for accuracy and consistency throughout the paragraph.

In subsection (d) of this section, the reference to public inspection "as soon as
filed" is substituted for the former reference to public inspection "upon the
date of filing" for consistency with other provisions of this title.

In subsection (h)(2) of this section, the word "rated" is substituted for the
former incorrect word "related" for accuracy.

Defined terms: "Commissioner" § 1-101
"Insurer" § 1-101
"Policy" § 1-101
"Rate" § 11-101
"Rating organization" § 11-101
"Supplementary rate information" § 11-101
"Working day" § 11-101

11-207. SUSPENSION OR MODIFICATION OF FILING REQUIREMENTS.

(A) IN GENERAL.

(1) BY WRITTEN ORDER, THE COMMISSIONER MAY SUSPEND OR
MODIFY THE FILING REQUIREMENT FOR A KIND OF INSURANCE, SUBDIVISION OR
COMBINATION OF KINDS OF INSURANCE, OR FOR CLASSES OF RISKS, FOR WHICH IT
IS NOT PRACTICABLE TO FILE RATES BEFORE THEY ARE USED.

(2) THE COMMISSIONER SHALL ADOPT REGULATIONS FOR THE
SUSPENSION OR MODIFICATION OF FILING REQUIREMENTS.

(B) NOTICE TO INSURERS AND RATING ORGANIZATIONS.

A REGULATION ADOPTED OR ORDER ISSUED UNDER THIS SECTION SHALL BE
MADE KNOWN TO THE INSURERS AND RATING ORGANIZATIONS AFFECTED BY THE
REGULATION OR ORDER.

(C) EXAMINATIONS.

THE COMMISSIONER MAY MAKE ANY EXAMINATION THAT THE
COMMISSIONER CONSIDERS ADVISABLE TO DETERMINE IF THE RATES AFFECTED
BY AN ORDER ISSUED UNDER THIS SECTION MEET THE STANDARDS SET FORTH IN §
11-205 OF THIS SUBTITLE.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 242(d)(11) and (h)(2).

Defined terms: "Commissioner" § 1-101
"Insurance" § 1-101

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Session Laws, 1997
Volume 795, Page 808   View pdf image
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