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§ 11-333. Rating organizations and advisory organizations

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 VI. Rating Organizations and Similar Organizations
MD Code, Insurance, § 11-333
§ 11-333. Rating organizations and advisory organizations
Licensing of rating organization
(a) A rating organization may not provide a service that relates to the rates of insurance subject to this subtitle, and an insurer may not utilize the service of the rating organization for those purposes, unless the rating organization has obtained a license under § 11-218 of this title.
Rating organization required to supply services for authorized users
(b) A rating organization may not refuse to supply services for which it is licensed in the State to an authorized insurer that offers to pay the fair and usual compensation for the services.
Authority and functions of advisory organizations
(c) An advisory organization has the same authority and functions under this subtitle as under § 11-221 of this title.

Credits

Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997.
Formerly Art. 48A, § 244L.
MD Code, Insurance, § 11-333, MD INSURANCE § 11-333
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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