Ch. 35

1997 LAWS OF MARYLAND

"Policy" § 1-101

"Premium" § 1-101

"Rate" § 11-101

"Rating organization" § 11-101

11-330. WORKERS' COMPENSATION RATE FILINGS.

(A) "PROVISION FOR CLAIM PAYMENT" DEFINED.

IN THIS SECTION, "PROVISION FOR CLAIM PAYMENT" MEANS AN ESTIMATE,
EXPRESSED ON A PER UNIT OF EXPOSURE BASIS, OF THE MONETARY AMOUNT
ULTIMATELY TO BE NEEDED TO PAY WORKERS' COMPENSATION INSURANCE
CLAIMS, EXCLUDING ALL LOSS ADJUSTMENT OR CLAIM MANAGEMENT EXPENSES,
OTHER OPERATING EXPENSES, ASSESSMENTS, TAXES, AND PROFIT OR
CONTINGENCY ALLOWANCES.

(B) REVIEW BY COMMISSIONER.

EXCEPT AS PROVIDED IN SUBSECTION (E) OF THIS SECTION, THE
COMMISSIONER SHALL REVIEW EACH WORKERS' COMPENSATION INSURANCE
FILING AS SOON AS REASONABLY POSSIBLE AFTER IT IS MADE TO DETERMINE
WHETHER IT MEETS THE REQUIREMENTS OF THIS SUBTITLE.

(C) EFFECTIVE DATE; DEEMED APPROVAL.

(1) (I) EXCEPT AS OTHERWISE PROVIDED IN THIS SUBSECTION, THE
EFFECTIVE DATE OF A WORKERS' COMPENSATION INSURANCE FILING IS THE DATE
SPECIFIED IN THE FILING.

(II) THE EFFECTIVE DATE OF A WORKERS' COMPENSATION
INSURANCE FILING MAY NOT BE EARLIER THAN 30 DAYS AFTER;

1. THE DATE ON WHICH THE COMMISSIONER RECEIVES THE

FILING; OR

2. THE DATE ON WHICH THE COMMISSIONER RECEIVES
INFORMATION IN SUPPORT OF THE FILING, IF THE COMMISSIONER REQUIRES
INFORMATION TO BE PROVIDED IN SUPPORT OF THE FILING.

(2) BY WRITTEN NOTICE TO THE FILER DURING THE INITIAL 30-DAY
WAITING PERIOD THAT THE COMMISSIONER NEEDS ADDITIONAL TIME FOR
CONSIDERATION OF THE FILING, THE COMMISSIONER MAY EXTEND THE WAITING
PERIOD FOR AN ADDITIONAL PERIOD NOT EXCEEDING 30 DAYS.

(3) ON WRITTEN APPLICATION BY THE FILER, THE COMMISSIONER MAY
AUTHORIZE A FILING THAT THE COMMISSIONER HAS REVIEWED TO BECOME
EFFECTIVE BEFORE THE EXPIRATION OF THE WAITING PERIOD OR ANY EXTENSION
OF THE WAITING PERIOD.

(4) A FILING IS DEEMED APPROVED UNLESS DISAPPROVED BY THE
COMMISSIONER DURING THE WAITING PERIOD OR ANY EXTENSION OF THE
WAITING PERIOD.

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