§ 11-404. Approval or disapproval of filings by Commissioner
West's Annotated Code of MarylandInsuranceEffective: October 1, 2017
Effective: October 1, 2017
MD Code, Insurance, § 11-404
§ 11-404. Approval or disapproval of filings by Commissioner
(a)(1) Unless the Commissioner finds that a filing does not meet the requirements of this subtitle or is otherwise contrary to law, the Commissioner shall approve the filing.
(b)(1) This subsection does not apply to filings by a rating organization on behalf of title insurers that are members or subscribers of the rating organization.
(2) If a filing is not disapproved by the Commissioner within 15 days after the date of filing, or within 30 days after the date of filing if the Commissioner extends the waiting period in writing during the initial 15-day period, the filing is deemed approved and the effective date of the filing is the end of the 15-day or 30-day waiting period.
(c)(1) The Commissioner shall hold a hearing to review the approval or disapproval of a filing under this section if:
Credits
Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997. Amended by Acts 2017, c. 38, § 2, eff. Oct. 1, 2017.
Formerly Art. 48A, § 242A.
MD Code, Insurance, § 11-404, MD INSURANCE § 11-404
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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