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§ 4-504. Control of information included in CGAD

West's Annotated Code of MarylandInsuranceEffective: July 1, 2019

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 4. General Requirements for Insurers
Subtitle 5. Corporate Governance Annual Disclosure Act (Refs & Annos)
Effective: July 1, 2019
MD Code, Insurance, § 4-504
§ 4-504. Control of information included in CGAD
Currentness
Insurer or insurance group discretion over responses
(a)(1) Subject to paragraph (2) of this subsection, an insurer or the insurance group of which the insurer is a member shall have discretion over the responses to a CGAD inquiry.
(2) The CGAD shall contain the material information necessary to permit the Commissioner to develop an understanding of the corporate governance structure, policies, and practices of the insurer or insurance group.
Additional information
(b) The Commissioner may request from an insurer or the insurance group of which the insurer is a member additional information that the Commissioner determines material and necessary.
Documentation and supporting information
(c) The insurer or the insurance group of which the insurer is a member shall:
(1) maintain documentation and supporting information; and
(2) make the documentation and supporting information available to the Commissioner on examination or on request of the Commissioner.

Credits

Added by Acts 2019, c. 105, § 1, eff. July 1, 2019.
MD Code, Insurance, § 4-504, MD INSURANCE § 4-504
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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