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Session Laws, 1997
Volume 795, Page 855   View pdf image
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PARRIS N. GLENDENING, Governor

Ch. 35

COOPERATION AMONG RATING ORGANIZATIONS OR AMONG RATING
ORGANIZATIONS AND INSURERS IN RATE MAKING OR IN OTHER MATTERS WITHIN
THE SCOPE OF THIS SUBTITLE IS AUTHORIZED, IF THE FILINGS THAT RESULT FROM
COOPERATION ARE SUBJECT TO ALL PROVISIONS OF THIS SUBTITLE THAT ARE
APPLICABLE TO FILINGS GENERALLY.

(B) REVIEW OF COOPERATIVE ACTIVITIES AND PRACTICES.

(1) THE COMMISSIONER MAY REVIEW COOPERATIVE ACTIVITIES AND
PRACTICES AMONG RATING ORGANIZATIONS AND AMONG RATING
ORGANIZATIONS AND INSURERS.

(2) IF, AFTER A HEARING, THE COMMISSIONER FINDS THAT AN
ACTIVITY OR PRACTICE IS UNFAIR, UNREASONABLE, OR OTHERWISE INCONSISTENT
WITH THIS SUBTITLE, THE COMMISSIONER MAY ISSUE A WRITTEN ORDER THAT
SPECIFIES THE WAYS IN WHICH THE ACTIVITY OR PRACTICE IS UNFAIR,
UNREASONABLE, OR OTHERWISE INCONSISTENT WITH THIS SUBTITLE AND
REQUIRES THAT THE ACTIVITY OR PRACTICE BE DISCONTINUED.

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

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

11-335. RESERVED.

11-336. RESERVED.

PART VII. ADMINISTRATIVE PROVISIONS.
11-337. RATE ADMINISTRATION.

(A) LOSS AND EXPENSE EXPERIENCE.

(1) EACH INSURER SHALL FILE WITH THE COMMISSIONER, AND THE
COMMISSIONER SHALL REVIEW, REASONABLE RULES AND PLANS FOR THE
RECORDING AND REPORTING OF LOSS AND EXPENSE EXPERIENCE IN APPROPRIATE
FORM AND DETAIL.

(2) AN INSURER MAY NOT BE REQUIRED TO RECORD OR REPORT ITS
EXPERIENCE ON A CLASSIFICATION BASIS THAT IS INCONSISTENT WITH ITS OWN
RATING SYSTEM.

(3) THE COMMISSIONER MAY DESIGNATE ONE OR MORE RATING
ORGANIZATIONS TO HELP IN GATHERING AND COMPILING EXPERIENCE
INFORMATION.

(B) EXCHANGE OF INFORMATION AND EXPERIENCE DATA.

THE COMMISSIONER AND EACH INSURER AND RATING ORGANIZATION MAY:

- 855 -

 

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Session Laws, 1997
Volume 795, Page 855   View pdf image
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