Code of Maryland Regulations
Title 31 - MARYLAND INSURANCE ADMINISTRATION
Subtitle 07 - INSURANCE RATING LAW
Chapter 31.07.03 - Review of Automobile Rating Territories
Section 31.07.03.05 - Filings Made By Rating Organizations
Universal Citation: MD Code Reg 31.07.03.05
Current through Register Vol. 51, No. 19, September 20, 2024
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 member or subscriber of a licensed rating organization which has been authorized to make filings on the insurer's behalf or the insurer has filed to adopt the rating organization's filing; and
(2) The insurer has not filed with the Commissioner a deviation from the rates, loss costs, or both, filed by the rating organization relating to the use of territories.
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