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§ 11-221. Filing requirements of advisory organizations

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, § 11-221
§ 11-221. Filing requirements of advisory organizations
Currentness
In general
(a) Each advisory organization shall file with the Commissioner:
(1) a copy of its constitution, articles of agreement or association, or certificate of incorporation and its bylaws, rules, and regulations that govern its activities;
(2) a list of its members;
(3) the name and address of a resident of the State on whom may be served notices or orders of the Commissioner or process issued at the direction of the Commissioner; and
(4) an agreement that the Commissioner may examine the advisory organization in accordance with § 11-225 of this subtitle.
Unfair, unreasonable, or inconsistent acts or practices prohibited
(b) If, after a hearing, the Commissioner finds that the provision of information or help by an advisory organization involves an act or practice that is unfair, unreasonable, or otherwise inconsistent with this subtitle, the Commissioner may issue a written order that specifies the ways in which the act or practice is unfair, unreasonable, or otherwise inconsistent with this subtitle and requires that the act or practice be discontinued.
Failure of advisory organization to comply with section or order of Commissioner
(c)(1) An insurer that makes its own filings or a rating organization may not support its filings by statistics or adopt rate making recommendations provided to it by an advisory organization that has failed to comply with:
(i) this section; or
(ii) an order of the Commissioner issued under subsection (b) of this section that involves the statistics or recommendations.
(2) If the Commissioner finds that an insurer or rating organization has violated this subsection, the Commissioner may issue an order that requires that the violation be discontinued.

Credits

Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997.
Formerly Art. 48A, § 242.
MD Code, Insurance, § 11-221, MD INSURANCE § 11-221
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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