Ch. 35

1997 LAWS OF MARYLAND

(1) A RULE ADOPTED UNDER THIS SECTION MAY NOT REMAIN IN
EFFECT FOR MORE THAN 1 YEAR AFTER IT IS ADOPTED.

(2) THE COMMISSIONER MAY RENEW A RULE ADOPTED UNDER THIS
SECTION AFTER A HEARING AND APPROPRIATE FINDINGS UNDER THIS SECTION.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 244K(a) and (c).

In subsection (a)(1)(ii) of this section, the defined term "insurer[s]" is
substituted for the former reference to "companies" for consistency with
terminology used throughout this article.

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

"Supplementary rate information" § 11-101
"Working day" § 11-101

11-311. EXCESS RATE FOR SPECIFIC RISK.

ON WRITTEN APPLICATION OF AN INSURER THAT STATES ITS REASONS FOR
REQUESTING THE RATE, ACCOMPANIED BY THE WRITTEN CONSENT OF THE
INSURED OR PROSPECTIVE INSURED, FILED WITH AND APPROVED BY THE
COMMISSIONER, A RATE IN EXCESS OF THAT PROVIDED BY A FILING OTHERWISE
APPLICABLE MAY BE USED ON A SPECIFIC RISK.

REVISOR'S NOTE: This section is new language derived without substantive
change from former Art. 48A, § 244Q.

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

11-312. SUPPORTING DATA.

(A) REQUIRED FILING.

(1) THE COMMISSIONER MAY REQUIRE THE FILING OF SUPPORTING
DATA AS TO ANY OR ALL KINDS OR LINES OF INSURANCE OR SUBDIVISIONS OF
KINDS OR LINES OF INSURANCE OR CLASSES OF RISKS OR COMBINATIONS OF
CLASSES OF RISKS AS THE COMMISSIONER CONSIDERS NECESSARY FOR THE PROPER
FUNCTIONING OF THE RATE MONITORING AND REGULATING PROCESS.

(2) THE SUPPORTING DATA SHALL INCLUDE:

(I) THE EXPERIENCE AND JUDGMENT OF THE FILER AND, TO THE
EXTENT THE FILER WISHES OR THE COMMISSIONER REQUIRES, THE EXPERIENCE
AND JUDGMENT OF OTHER INSURERS OR RATING ORGANIZATIONS;

(II) THE FILER'S INTERPRETATION OF ANY STATISTICAL DATA

RELIED ON;

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