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
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 through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document