PARRIS N. GLENDENING, Governor

Ch. 35

"Insurer" § 1-101

"Rate" § 11-101

"Rating organization" § 11-101

11-208. DISAPPROVAL OF RATES.
(A) IN GENERAL.

UNLESS THE FILER DEMONSTRATES THAT A PROPOSED RATE IS NOT
EXCESSIVE, INADEQUATE, OR UNFAIRLY DISCRIMINATORY, THE COMMISSIONER
MAY DISAPPROVE THE FILING.

(B) DURING WAITING PERIOD.

(1) IF, DURING THE WAITING PERIOD OR ANY EXTENSION OF THE
WAITING PERIOD PROVIDED UNDER § 11-206(G) OF THIS SUBTITLE, THE
COMMISSIONER FINDS THAT A FILING DOES NOT MEET THE REQUIREMENTS OF
THIS SUBTITLE, THE COMMISSIONER SHALL SEND WRITTEN NOTICE OF
DISAPPROVAL TO THE FILER.

(2) THE NOTICE OF DISAPPROVAL SHALL SPECIFY THE WAYS IN WHICH
THE FILING FAILS TO MEET THE REQUIREMENTS OF THIS SUBTITLE AND SHALL
STATE THAT THE FILING MAY NOT BECOME EFFECTIVE.

(C) INLAND MARINE RISKS AND SURETY OR GUARANTEE BONDS.

(1) IF, WITHIN 30 DAYS AFTER A FILING MADE UNDER § 11-206(H) OR (I)
OF THIS SUBTITLE, THE COMMISSIONER FINDS THAT THE FILING DOES NOT MEET
THE REQUIREMENTS OF THIS SUBTITLE, THE COMMISSIONER SHALL SEND WRITTEN
NOTICE OF DISAPPROVAL TO THE FILER.

(2) THE NOTICE OF DISAPPROVAL SHALL SPECIFY THE WAYS IN WHICH
THE FILING FAILS TO MEET THE REQUIREMENTS OF THIS SUBTITLE AND SHALL
STATE WHEN, WITHIN A REASONABLE PERIOD AFTER THE NOTICE, THE FILING WILL
NO LONGER BE EFFECTIVE.

(3) DISAPPROVAL UNDER THIS SUBSECTION DOES NOT AFFECT A
CONTRACT MADE OR ISSUED BEFORE THE EXPIRATION OF THE PERIOD SET FORTH
IN THE NOTICE.

(D) AFTER APPLICABLE REVIEW PERIOD.

(1) IF, AFTER THE APPLICABLE REVIEW PERIOD UNDER SUBSECTION (B)
OR (C) OF THIS SECTION, THE COMMISSIONER FINDS THAT A FILING DOES NOT MEET
THE REQUIREMENTS OF THIS SUBTITLE, THE COMMISSIONER SHALL ISSUE TO THE
FILER AN ORDER THAT SPECIFIES THE WAYS IN WHICH THE FILING FAILS TO MEET
THE REQUIREMENTS OF THIS SUBTITLE AND STATES WHEN, WITHIN A REASONABLE
PERIOD AFTER THE ORDER, THE FILING WILL NO LONGER BE EFFECTIVE.

(2) (I) THE COMMISSIONER SHALL HOLD A HEARING BEFORE
ISSUING AN ORDER UNDER PARAGRAPH (1) OF THIS SUBSECTION.

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