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31.04.21.00.htm 31.04.21.00. Title 31 MARYLAND INSURANCE ADMINISTRATION Subtitle 04 INSURERS Chapter 21 Payment of Actuarial Review of Rate Filings Authority: Insurance Article, §2-108, 2-205, 2-208, 11-207(a)2) 12-205, 14-126(a)2) and 15-605(c) Health-General Article, §19-713; Annotated Code of Maryland
31.04.21.01.htm 31.04.21.01. 01 Scope.. A. This chapter applies to the examination of rate filings made pursuant to:. 1) Health-General Article, §19-713, Annotated Code of Maryland;. 2) Insurance Article, Title 11, Subtitles 2 and 3, and §12-205 and 14-126(a)2) Annotated Code of Maryland; and3) COMAR 31.10.01.02A.. B. This chapter does not apply to the Maryland Automobile Insurance Fund..
31.04.21.02.htm 31.04.21.02. 02 Definitions.. A. In this chapter, the following terms have the meanings indicated.. B. Terms Defined.. 1) “Actuarial consultant” means a consultant retained by the Commissioner subject to applicable procurement requirements to examine a rate filing.2) “Advisory organization” has the meaning stated in Insurance Article, §11-101, Annotated Code of Maryland.3) “Carrier” means an authorized insurer, nonprofit health service plan, or health maintenance organization.
31.04.21.03.htm 31.04.21.03. 03 Examination of Rate Filings by an Actuarial Consultant.. A. Whenever the Commissioner considers it advisable, the Commissioner may retain an actuarial consultant to examine a rate filing submitted by an advisory organization, carrier, or rating organization.B. If the Commissioner retains an actuarial consultant to examine a rate filing submitted by an advisory organization, carrier, or rating organization the Commissioner shall notify the advisory organization, carrier, or ratin
31.04.21.9999.htm 31.04.21.9999. Administrative History Effective date: May 16, 2011 (38:10 Md. R. 618).
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