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§ 11-334. Cooperation among rating organizations and insurers

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, § 11-334
§ 11-334. Cooperation among rating organizations and insurers
In general
(a) Cooperation among rating organizations or among rating organizations and insurers in rate making or in other matters within the scope of this subtitle is authorized, if the filings that result from cooperation are subject to all provisions of this subtitle that are applicable to filings generally.
Review of cooperative activities and practices by Commissioner
(b)(1) The Commissioner may review cooperative activities and practices among rating organizations and among rating organizations and insurers.
(2) If, after a hearing, the Commissioner finds that an activity or practice is unfair, unreasonable, or otherwise inconsistent with this subtitle, the Commissioner may issue a written order that specifies the ways in which the activity or practice is unfair, unreasonable, or otherwise inconsistent with this subtitle and requires that the activity or practice be discontinued.

Credits

Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997.
Formerly Art. 48A, § 244S.
MD Code, Insurance, § 11-334, MD INSURANCE § 11-334
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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