§ 11-226. Rules and statistical plans for recording and reporting of loss and expense experienc...
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 11-226
§ 11-226. Rules and statistical plans for recording and reporting of loss and expense experience
(a)(1)(i) So that the experience of all insurers may be made available at least annually in the form and detail necessary to help the Commissioner in determining whether rating systems comply with the standards set forth in this subtitle, the Commissioner shall adopt reasonable rules and statistical plans that are reasonably adapted to each of the rating systems on file with the Commissioner for the recording and reporting of loss and expense experience.
(b) The Commissioner may adopt reasonable rules and plans for the interchange of data necessary for the application of rating plans.
(c) To further uniform administration of rate regulatory laws, the Commissioner and each insurer and rating organization may:
Credits
Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997.
Formerly Art. 48A, § 242.
MD Code, Insurance, § 11-226, MD INSURANCE § 11-226
Current through legislation effective through April 25, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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