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H.B. 818
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PARRIS N. GLENDENING, Governor
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(2) Each filing shall state its proposed effective date and shall indicate
the character and extent of the coverage contemplated.
(b) (1) (i) If a filing is not accompanied by the information on which the
insurer supports the filing and the Commissioner does not have sufficient
information to determine whether the filing meets the requirements of this subtitle,
the Commissioner shall require the insurer to provide supporting information for the
filing within 60 days.
(ii) If the Commissioner requires the filer to provide supporting
information, the waiting period under subsection (g) of this section begins on the date
the supporting information is provided.
(2) The information provided in support of a filing may include:
(i) the judgment of the filer;
(ii) the filer's interpretation of any statistical data relied on;
(iii) the experience of other filers; and
(iv) any other relevant factors.
(c) Each filing shall include the experience of the filer.
(d) A filing and any supporting information shall be open to public inspection
as soon as filed.
(e) An insurer may satisfy its obligation to make filings by:
(1) being a member of or subscriber to a licensed rating organization that
makes filings; and
(2) authorizing the Commissioner to accept filings on its behalf from the
rating organization.
(f) The Commissioner shall review each filing as soon as reasonably possible
after it is made to determine whether it meets the requirements of this subtitle.
(g) (1) (i) Except as provided in subsections (h) and (i) of this section, a
filing may not take effect until 30 working days after it is filed with the
Commissioner.
(ii) 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 working days.
(2) 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 or at a later date.
(3) 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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- 4549 -
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