Home Table of Contents

§ 11-313. Notice to insureds of noncompetitive market

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 11. Insurance Rating Law
Subtitle 3. Competitive Rating (Refs & Annos)
Part II. Rate Making--in General
MD Code, Insurance, § 11-313
§ 11-313. Notice to insureds of noncompetitive market
Currentness
For a kind or line of insurance as to which the Commissioner has issued an order in which the Commissioner finds that a reasonable degree of competition does not exist, the Commissioner may require the insurer at the time of filing a proposed rate increase with the Commissioner to notify each policyholder in writing that:
(1) the insurer has filed a proposed rate increase with the Commissioner;
(2) a hearing may be requested with respect to the filing; and
(3) an order, hearing, or refusal of a hearing by the Commissioner may be appealed under Subtitle 5 of this title.

Credits

Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997.
Formerly Art. 48A, § 244X.
MD Code, Insurance, § 11-313, MD INSURANCE § 11-313
Current with legislation effective through July 1, 2023, from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document