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§ 11-323. Data about geographic distribution of private passenger premium

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 IV. Same--Geographic Distribution of Residential Property Premium and Private Passenger Premium
MD Code, Insurance, § 11-323
§ 11-323. Data about geographic distribution of private passenger premium
Currentness
In general
(a) On or before July 1 of each year, each insurer and the Maryland Automobile Insurance Fund shall file data about the geographic distribution of private passenger premium written by it in the State for the preceding calendar year.
Nature of data filed with Commissioner
(b) The data required under this section shall:
(1) be filed with the Commissioner in the form required by the Commissioner; and
(2) at a minimum, detail the amount of private passenger premium written by the insurer and the Maryland Automobile Insurance Fund in the preceding calendar year and the number of policies represented by that premium:
(i) in the State as a whole; and
(ii) in Baltimore City.
Data submitted by rating territory, zip code, or both
(c) The data shall be submitted by each rating territory or each zip code, or both.
Failure of insurer or Maryland Automobile Insurance Fund to submit data
(d) Failure by the insurer or the Maryland Automobile Insurance Fund to submit the data required under this section on a timely basis is grounds for the imposition of the penalties provided in §§ 4-113 and 4-114 of this article.

Credits

Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997. Amended by Acts 1999, c. 201, § 1, eff. Jan. 1, 2000.
Formerly Art. 48A, § 245.
MD Code, Insurance, § 11-323, MD INSURANCE § 11-323
Current through legislation effective through July 1, 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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