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H.B. 818
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VETOES
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to be considered exempt, the commercial policyholder must meet specified criteria
and must certify in writing to the insurer issuing coverage that it meets the criteria
necessary for the exemption.
Senate Bill 598, which was passed by the General Assembly and signed by me today,
accomplishes the same purpose. Therefore, it is not necessary for me to sign House
Bill 818.
Sincerely,
Parris N. Glendening
Governor
House Bill No. 818
AN ACT concerning
Insurance Rating Law - Exempt Commercial Policyholders
FOR the purpose of exempting from certain form filing requirements under prior
approval insurance rating law insurers that issue policies to certain commercial
policyholders; requiring a certain commercial policyholder to certify to the
insurer issuing coverage and the Insurance Commissioner that it meets certain
criteria for exemption; specifying the contents of the certification; authorizing
the Insurance Commissioner to require by regulation certain information about
policies written for certain commercial policyholders; providing that a certain
insurer must file certain forms and endorsements on written request of the
Insurance Commissioner; clarifying that certain forms and endorsements are
subject to certain provisions of law; authorizing the Insurance Commissioner to
allow, by regulation, a certain exempt commercial policyholder to procure
coverage from a certain unauthorized insurer; defining a certain term; and
generally relating to exempting insurers issuing coverage to commercial
policyholders from certain requirements under prior approval insurance rating
law.
BY repealing and reenacting, with amendments,
Article — Insurance
Section 11-206
Annotated Code of Maryland
(1997 Volume and 1999 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Insurance
11-206.
(a) (1) Except as otherwise provided in this section, each insurer shall file
with the Commissioner all rates, supplementary rate information, policy forms, and
endorsements and all modifications of rates, supplementary rate information, policy
forms, and endorsements that the insurer proposes to use.
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- 4548 -
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