§ 7-605. Examination of registration materials by Commissioner
West's Annotated Code of MarylandInsuranceEffective: January 1, 2014
Effective: January 1, 2014
MD Code, Insurance, § 7-605
§ 7-605. Examination of registration materials by Commissioner
(a)(1) To verify the information required in the insurer's registration statement and in the annual enterprise risk report, and any addition or amendment to the registration statement or the annual enterprise risk report, and in addition to the powers granted under §§ 2-205 through 2-209 of this article relating to the examination of insurers, the Commissioner may order an insurer subject to registration under this subtitle to produce:
(b)(1) The Commissioner may conduct an examination under subsection (a) of this section only:
(c)(1) The Commissioner may retain, at the insurer's expense, the services of accountants, attorneys, actuaries, and other experts not otherwise a part of the Commissioner's staff as may be reasonably necessary to assist in the conduct of an examination under subsection (a) of this section.
(d) An insurer that produces materials for an examination under subsection (a) of this section is liable for and shall pay the expense of the examination in accordance with § 2-208 of this article.
Credits
Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 2013, c. 115, § 1, eff. Jan. 1, 2014.
Formerly Art. 48A, § 498.
MD Code, Insurance, § 7-605, MD INSURANCE § 7-605
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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