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31.04.12.00.htm 31.04.12.00. Title 31 MARYLAND INSURANCE ADMINISTRATION Subtitle 04 INSURERS Chapter 12 Insurer Transactions With Unappointed Persons―General Business Practices Authority: Insurance Article, §2-109 and 4-113(b)11) and (e) Annotated Code of Maryland
31.04.12.01.htm 31.04.12.01. 01 Methodology.. The methodology in Regulation .02 of this chapter shall be used to determine whether an insurer has engaged in accepting business from a person who does not have an appointment from the insurer with such frequency as to constitute a general business practice within the meaning of Insurance Article, §4-113(b)11) Annotated Code of Maryland.
31.04.12.02.htm 31.04.12.02. 02 Frequency of Practice.. It shall be considered prima facie evidence of a general business practice of violating Insurance Article, §4-113(b)11) Annotated Code of Maryland, if in any 12-month period it is found that the number of transactions violating Insurance Article, §4-113(b)11) by foreign insurers for policies issued to Maryland residents, or by domestic insurers for all policies written, equals or exceeds the following:
31.04.12.03.htm 31.04.12.03. 03 Overcoming the Presumption.. An insurer may overcome the presumption that a general business practice of violating Insurance Article, §4-113(b)11) Annotated Code of Maryland, exists by presenting evidence to the Commissioner relating to the insurer's intent, the nature of the violations, and any other relevant factors.
31.04.12.9999.htm 31.04.12. Administrative History Effective date: September 1, 1967. Amended effective May 1, 1968. Chapter, Binders-Motor Vehicle Liability Insurance, repealed effective December 26, 1988 (15:26 Md. R. 2982) -Regulations .01-03, Insurer Transactions with Unappointed Persons-General Business Practices, adopted effective March 16, 1992 (19:5 Md. R. 576) -Chapter recodified from COMAR 09.30.47 to COMAR 31.04.12, July 1998.
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