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31.15.05.00.htm 31.15.05.00. Title 31 MARYLAND INSURANCE ADMINISTRATION Subtitle 15 UNFAIR TRADE PRACTICES Chapter 05 Insurer's Financial Statements Authority: Insurance Article, §2-109, 7-103, 7-104, and 27-205(a) Annotated Code of Maryland
31.15.05.01.htm 31.15.05.01. 01 Authority.. This chapter is deemed necessary for, and as an aid to the effectuation of, the provisions of Insurance Article, 27-203 and 27-205(a) Annotated Code of Maryland, as amended.
31.15.05.02.htm 31.15.05.02. 02 Purpose and Applicability.. The purpose of this chapter is to protect the public from untrue, deceptive, misleading, or false statements of financial condition of an insurer. It is applicable to all persons licensed to conduct the business of insurance in Maryland.
31.15.05.03.htm 31.15.05.03. 03 Procedure.. The following shall govern the contents of advertisements and public announcements concerning financial condition of insurers:A. Domestic and Foreign Insurers. Except as provided elsewhere in this chapter, or as may be permitted by order of the Commissioner, every advertisement, sign, pamphlet, circular, card, or other public announcement, issued or distributed in this State by any domestic or foreign insurer, a subsidiary thereof, a holding compa
31.15.05.9999.htm 31.15.05.9999. Administrative History Effective date: April 10, 1970 ―. Chapter recodified from COMAR 09.30.29 to COMAR 31.15.05 effective September 7, 1998 (25:18 Md. R. 1439)
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