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31.16.09.00.htm 31.16.09.00. Title 31 MARYLAND INSURANCE ADMINISTRATION Subtitle 16 MISCELLANEOUS Chapter 09 Registry and Report on Slavery Era Insurance Authority: Insurance Article, §2-109(a)1) and 30-102(c) Annotated Code of Maryland
31.16.09.01.htm 31.16.09.01. 01 Purpose.. A. This chapter sets forth standards for reporting slavery era insurance information pursuant Insurance Article, Title 30, Annotated Code of Maryland.B. This chapter requires insurers to provide information and data regarding slavery era insurance to the Maryland Insurance Administration.C. This chapter specifies how the Administration will distribute to the public the information provided pursuant to §B of this regulation.
31.16.09.02.htm 31.16.09.02. 02 Definitions.. A. In this chapter, the following terms have the meanings indicated.. B. Terms Defined.. 1) "Commissioner" means the Maryland Insurance Commissioner.. 2) "Holding company system" includes:. a) An insurer that is a member of the holding company system; and. b) Any other member, subsidiary, or division of the holding company system, in each case regardless of whether it is a licensee.
31.16.09.03.htm 31.16.09.03. 03 Reporting Insurers.. A. An insurer authorized to do business in the State shall file a report to the Commissioner regarding slaveholder insurance policies that it wrote either directly or through a predecessor insurer during the slavery era.B. If an insurer is a member of a holding company system, a consolidated report may be filed by one insurer in the holding company on behalf of all members of the same holding company that are requireC. A consolidated report
31.16.09.04.htm 31.16.09.04. 04 Report Format and Content.. A. The report required by Regulation .03A of this chapter shall be filed on letterhead of the insurer, dated, and certified and affirmed under oath by the chief executive officer, or comparable officer, of the insurer as:1) Being true and not misleading; and. 2) Containing the most accurate information available at the time of the submission of the report.. B. The report required by Regulation .03A of this chapter shall include the following:.
31.16.09.05.htm 31.16.09.05. 05 Submission.. A. Each insurer shall file the report required by Regulation .04 of this chapter with the Commissioner on or before October 1, 2011.B. If the Commissioner determines that a report is incomplete, the Commissioner may require additional reports, as necessary, consistent with the requirements of this chapter.C. An insurer that files a report indicating that it has information responsive to the relevant statute and this chapter, which has not been provided,
31.16.09.06.htm 31.16.09.06. 06 Availability of the Slavery Era Insurance Policy Registry and Report.. A. The report generated by the Commissioner pursuant to Insurance Article, Title 30, Annotated Code of Maryland, and this chapter, shall be known as the Slavery Era Insurance Policy Registry and Report.B. The Commissioner shall provide the Slavery Era Insurance Policy Registry and Report to the Governor and General Assembly on or before April 1, 2012.C. The Commissioner shall make available to the pu
31.16.09.07.htm 31.16.09.07. 07 Enforcement.. The Commissioner may impose on an insurer any penalty, sanction, or other form of legal enforcement which the Commissioner has the authority to impose for failure to comply with the provisions of this chapter.
31.16.09.9999.htm 31.16.09.9999. Administrative History Effective date: December 28, 2009 (36:26 Md. R. 1999).
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