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31.07.03.00.htm 31.07.03.00. Title 31 MARYLAND INSURANCE ADMINISTRATION Subtitle 07 INSURANCE RATING LAW Chapter 03 Review of Automobile Rating Territories Authority: Insurance Article, §2-109, 11-216, 11-319, and 11-339, Annotated Code of Maryland
31.07.03.01.htm 31.07.03.01. 01 Purpose.. The purpose of this chapter is to ensure that all insurers that use territory as a factor in establishing automobile insurance rates in the State, including the Maryland Automobile Insurance Fund, file statements with the Commissioner that satisfy the requirements of Insurance Article, §11-216 and 11-319, Annotated Code of Maryland.
31.07.03.02.htm 31.07.03.02. 02 Triannual Review of Territories.. Each insurer that uses territory as a factor in establishing automobile insurance rates in the State, including the Maryland Automobile Insurance Fund, shall conduct a review of its territories every 3 years.
31.07.03.03.htm 31.07.03.03. 03 Filing Requirements.. A. Each insurer that uses territory as a factor in establishing automobile insurance rates in the State, including the Maryland Automobile Insurance Fund, shall file with the Commissioner a certification statement.B. The certification statement shall be on the form adopted by the Commissioner in Regulation .04 of this chapter.C. The certification statement shall be filed:. 1) On or before June 1, 2007;. 2) Upon completion of each review required by the
31.07.03.04.htm 31.07.03.04. 04 Certification Statement for Automobile Insurers.. A. Certification Statement for Insurers and Rating Organizations.. CERTIFICATION STATEMENT REVIEW OF AUTOMOBILE RATING TERRITORIES. I, _ , a duly authorized representative of _ (insurer or rating organization) NAIC # _ (if applicable) do hereby certify that the following information is true to the best of my knowledge and belief.1. The use of territories as a factor in rating by the above-named (insurer or rating organization)
31.07.03.05.htm 31.07.03.05. 05 Filings Made By Rating Organizations.. A. A licensed rating organization that files on behalf of its members or subscribers automobile insurance rates that use territory as a factor in establishing automobile insurance rates in the State shall comply with the provisions of Regulations .02―04 of this chapter.B. An insurer that is required to file a certification statement may utilize the certification statement in Regulation .04B of this chapter if:1) The insurer is a membe
31.07.03.9999.htm 31.07.03.9999. Administrative History Effective date: January 15, 2007 (34:1 Md. R. 33).
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