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§ 18-115. Reasonableness of loss ratios

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 18. Long-Term Care Insurance (Refs & Annos)
MD Code, Insurance, § 18-115
§ 18-115. Reasonableness of loss ratios
In evaluating the expected and actual loss ratios, the Commissioner shall consider:
(1) the statistical credibility of incurred claims experience and earned premiums;
(2) the period for which rates are computed to provide coverage;
(3) experienced and projected trends;
(4) the concentration of experience within early policy duration;
(5) expected claim fluctuation;
(6) experienced refunds, adjustments, or dividends;
(7) renewability features;
(8) all appropriate expense factors;
(9) interest;
(10) the experimental nature of the coverage;
(11) policy reserves;
(12) the mix of business by risk classification; and
(13) product features, including long elimination periods, high deductibles, and high maximum limits.


Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997. Amended by Acts 2001, c. 329, § 1, eff. Oct. 1, 2001.
Formerly Art. 48A, § 647.3.
MD Code, Insurance, § 18-115, MD INSURANCE § 18-115
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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