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Ch. 110
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Martin O'Malley, Governor
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[(b)] (C) The Commissioner shall examine the affairs, transactions,
accounts, records, and assets of:
(1) each insurer and each health maintenance organization that
applies for an original certificate of authority to do business in the State; and
(2) each rating organization that applies for a license to do business in
the State.
[(c)] (D) When examining a reciprocal insurer, the Commissioner may
examine the attorney in fact of the reciprocal insurer to the extent that the
transactions of the attorney in fact relate to the reciprocal insurer.
[(d)] (E) The Commissioner may limit the examination of an alien insurer
to its insurance transactions and affairs in the United States.
[(e)] (F) Instead of conducting an examination, the Commissioner may
accept a full report, certified by the insurance supervisory official of another state, of
the most recent examination of a foreign insurer or health maintenance organization,
alien insurer or health maintenance organization, or an out-of-state rating
organization.
2-209.
(a) The Commissioner or an examiner shall make a complete report of each
examination made under § 2-205 of this subtitle or § 23-207, § 15-10B-19, or
§ 15-10B-20 of this article.
(b) An examination report shall contain only facts:
(1) from the books, records, or documents of the person being
examined; or
(2) determined from statements of individuals about the person's
affairs.
(c) (1) At least 30 days before adopting a proposed examination report,
the Commissioner shall provide a copy of the proposed report to the person that was
examined.
(2) If the person requests a hearing in writing within the 30-day
period, the Commissioner:
(i) shall grant a hearing on the proposed report; and
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- 1013 -
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