2010 Maryland Code
INSURANCE
TITLE 11 - INSURANCE RATING LAW
Subtitle 1 - Definitions
Section 11-101 - Definitions.

§ 11-101. Definitions.
 

(a)  In general.- In this title the following words have the meanings indicated. 
   
Revisor's Note.

This subsection is new language added as the standard introductory language to a definition section. 

(b)  Advisory organization.- "Advisory organization" means a group, association, or other organization of insurers, located within or outside the State, that helps insurers that make their own filings or rating organizations in rate making, by collecting and providing loss or expense statistics or by submitting recommendations, but that does not make filings under this title. 
   
Revisor's Note.

This subsection is new language derived without substantive change from former Art. 48A, § 242(l)(1). 
  Defined Terms.


 
"Insurer"                                                            § 1-101


"Rate"                                                               § 11-101


"Rating organization"                                                § 11-101

(c)  Rate.- "Rate" means rate of premium, policy or membership fee, or another charge made by an insurer for or in connection with an insurance contract or policy. 
   
Revisor's Note.

This subsection is new language derived without substantive change from former Art. 48A, § 244A(d). 
 

Under the former law, the term "rate" was defined only for purposes of Subtitle 16B of former Art. 48A (Regulation of competitive rating), which is revised as Subtitle 3 of this title. The term "rate" is revised to apply to the entire title for consistency. No substantive change is intended. 
 

The former phrase "of the kind to which this subtitle applies", which modified "contract or policy of insurance", is deleted as surplusage. Any substantive limitation on the type of insurance to which a rate applies is indicated in the scope provision for each subtitle of this title. 
  Defined Terms.


 
"Insurer"                                                            § 1-101


"Policy"                                                              § 1-101


"Premium"                                                             § 1-101

(d)  Rating organization.- "Rating organization" means a person licensed under § 11-218 of this title. 
   
Revisor's Note.

This subsection is new language derived without substantive change from former Art. 48A, § 244A(e). 
 

Under the former law, the term "rating organization" was defined only for purposes of Subtitle 16B of former Art. 48A (Regulation of competitive rating), which is revised as Subtitle 3 of this title. The term "rating organization" is revised to apply to the entire title for consistency. No substantive change is intended. 
 

The former specific reference to an "organization" is deleted as included in the defined term "person". 
  Defined Terms.


 
"Person"                                                             § 1-101

(e)  Supplementary rate information.- "Supplementary rate information" includes a manual or plan of rates, statistical plan, classification, rating schedule, minimum premium, policy fee, rating rule, rate-related underwriting rule, minimum rate, class rate, rating plan, manual or schedule of rates or premiums, rule or regulation that governs the setting or making of rates or premiums, and any other information, not otherwise inconsistent with the purposes of this title, that the Commissioner requires by regulation. 
   
Revisor's Note.

This subsection is new language derived without substantive change from former Art. 48A, § 244A(f) and, as they described supplementary rate information, the first sentences of §§ 242(d)(1) and 242A(c)(1). 
 

Under the former law, the defined term "supplementary rate information" applied only to Subtitle 16B of former Art. 48A (Regulation of competitive rating), which is revised as Subtitle 3 of this title. As revised, the defined term consolidates and standardizes the separate descriptions under the former law of rate information required to be filed, to allow use of the defined term to describe information required to be filed under former Art. 48A, § 242 (Prior approval rate making), which is revised as Subtitle 2 of this title, and under former Art. 48A, § 242A (Title insurance rating), which is revised as Subtitle 4 of this title as well as under Subtitle 3 of this title. No substantive change is intended. 
  Defined Terms.


 
"Commissioner"                                                       § 1-101


"Policy"                                                              § 1-101


"Premium"                                                             § 1-101


"Rate"                                                               § 11-101

(f)  Working day.- "Working day" means a day when the Administration is open for business. 
   
Revisor's Note.

This subsection is new language derived without substantive change from the sixth sentence of former Art. 48A, § 242(d)(7). 
 

Under the former law, the term "working day[s]" was defined only for purposes of former Art. 48A, § 242 (Prior approval rate making), which is revised as Subtitle 2 of this title. The term "working day" is revised to apply to the entire title to clarify its meaning when used under Subtitle 16B of former Art. 48A (Regulation of competitive rating), which is revised as Subtitle 3 of this title, and former Art. 48A, § 242A (Title insurance rating), which is revised as Subtitle 4 of this title. No substantive change is intended. 
  Defined Terms.


 
"Administration"                                                     § 1-101
 

[An. Code 1957, art. 48A, §§ 242, 242A, 244A; 1997, ch. 35, § 2.]