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31.05.12.00.htm 31.05.12.00. Title 31 MARYLAND INSURANCE ADMINISTRATION Subtitle 05 ASSETS, LIABILITIES, RESERVES, AND INVESTMENTS OF INSURERS Chapter 12 Property and Casualty Actuarial Opinion Authority: Insurance Article, §2-109(a)1) 2-205, 2-209, and 4-116; State Government Article, Title 10, Subtitle 6; Annotated Code of Maryland
31.05.12.01.htm 31.05.12.01. 01 Scope.. A. This chapter applies to property and casualty insurance companies:. 1) Domiciled in this State; or. 2) Authorized to do business in this State.. B. Property and casualty insurance companies include:. 1) The Maryland Automobile Insurance Fund; and. 2) The Medical Mutual Liability Insurance Society of Maryland..
31.05.12.02.htm 31.05.12.02. 02 Actuarial Opinion of Reserves and Supporting Documentation.. A. A property and casualty insurance company doing business in this State, unless otherwise exempted by the company's domiciliary Commissioner, shall annually submit the opinion of the company's appointed actuary entitled "Statement of Actuarial Opinion"B. The Statement of Actuarial Opinion required by §A of this regulation shall be filed in accordance with the appropriate National Association of Insu
31.05.12.03.htm 31.05.12.03. 03 Confidentiality.. A. The Statement of Actuarial Opinion shall be provided with the Annual Statement in accordance with the appropriate NAIC Property and Casualty Annual Statement Instructions, and shall be treated as a public document.B. Documents, materials, or other information in the possession or control of the Maryland Insurance Administration that are considered an Actuarial Report, workpapers underlying the Actuarial Report, or an Actuarial Opinion
31.05.12.04.htm 31.05.12.04. 04 Effective Date.. This Act shall take effect January 1, 2010..
31.05.12.9999.htm 31.05.12.9999. Administrative History Effective date: January 1, 2010 (36:24 Md. R. 1860). Regulation .01B amended effective February 27, 2017 (44:4 Md. R. 255).
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