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§ 32-102. Purposes and application of title

West's Annotated Code of MarylandInsuranceEffective: January 1, 2018

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 32. Risk Management and Own Risk and Solvency Assessment Act (Refs & Annos)
Effective: January 1, 2018
MD Code, Insurance, § 32-102
§ 32-102. Purposes and application of title
Currentness
Purposes
(a) The purposes of this title are to:
(1) require a carrier or insurance group to maintain a risk management framework and complete an ORSA;
(2) set the requirements for filing an ORSA Summary Report with the Commissioner; and
(3) provide for the confidential treatment of the ORSA, the ORSA Summary Report, and other ORSA-related information.
Application
(b) This title applies to all carriers domiciled in the State that are not exempt under § 32-106 of this title.

Credits

Added by Acts 2017, c. 36, § 1, eff. Jan. 1, 2018.
MD Code, Insurance, § 32-102, MD INSURANCE § 32-102
Current through legislation effective through July 1, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document