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§ 11-219. Deviations from rating organization rates

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 11. Insurance Rating Law
Subtitle 2. Prior Approval Rate Making (Refs & Annos)
Part IV. Rating Organizations and Similar Organizations
MD Code, Insurance, § 11-219
§ 11-219. Deviations from rating organization rates
Currentness
In general
(a) An insurer may deviate from the rates filed by a rating organization if:
(1) the insurer has filed the deviation to be applied with the rating organization and Commissioner;
(2) the deviation is uniform in its application to all risks in the State of the class of insurance to which the deviation is to apply; and
(3) the deviation is approved by the Commissioner.
Approval or disapproval by Commissioner
(b) The Commissioner may approve or disapprove a deviation as if the deviation filing were a rate filing and specify the period of time during which an approval will be effective.

Credits

Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997.
Formerly Art. 48A, § 242.
MD Code, Insurance, § 11-219, MD INSURANCE § 11-219
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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