2013 Maryland Code
INSURANCE
§ 11-201 - Purposes, intent, and interpretation of subtitle
§11-201.
(a) The purposes of this subtitle are:
(1) to promote the public welfare by regulating insurance rates so that they are not excessive, inadequate, or unfairly discriminatory; and
(2) to authorize and regulate cooperative action among insurers in rate making and in other matters within the scope of this subtitle.
(b) This subtitle is not intended:
(1) to prohibit or discourage reasonable competition; or
(2) to prohibit or, except to the extent necessary to accomplish the purposes stated in subsection (a) of this section, to encourage uniformity in insurance rates, rating systems, rating plans, or rating practices.
(c) This subtitle shall be interpreted liberally to carry out the provisions of this section.
Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
