Section 11-219 - Deviations from rating organization rates. - Maryland Statutes

§ 11-219. Deviations from rating organization rates.
 

(a)  In general.- An insurer may deviate from the rates filed by a rating organization if: 

(1) the insurer has filed the deviation to be applied with the rating organization and Commissioner; 

(2) the deviation is uniform in its application to all risks in the State of the class of insurance to which the deviation is to apply; and 

(3) the deviation is approved by the Commissioner. 

(b)  Action by Commissioner.- The Commissioner may approve or disapprove a deviation as if the deviation filing were a rate filing and specify the period of time during which an approval will be effective. 
 

[An. Code 1957, art. 48A, § 242; 1997, ch. 35, § 2.]