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§ 5-202. Inadequate unearned premium reserves of insurer

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 5. Assets, Liabilities, Reserves, and Investments of Insurers
Subtitle 2. Reserves (Refs & Annos)
MD Code, Insurance, § 5-202
§ 5-202. Inadequate unearned premium reserves of insurer
Currentness
In general
(a) If the Commissioner determines that an insurer's unearned premium reserve is inadequate, the Commissioner may require the insurer to increase the unearned premium reserve and maintain it at an adequate level.
Inadequate loss reserves determined from insurer’s loss experience
(b) If the Commissioner determines that an insurer's loss reserves are inadequate as shown by the insurer's loss experience, the Commissioner shall require the insurer to increase the reserves and maintain them at an adequate level.

Credits

Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 1997, c. 274, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 82.
MD Code, Insurance, § 5-202, MD INSURANCE § 5-202
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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