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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
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 all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document