2010 Maryland Code
INSURANCE
TITLE 11 - INSURANCE RATING LAW
Subtitle 4 - Title Insurance Rating
Section 11-405 - Financial data and other information.
§ 11-405. Financial data and other information.
(a) Required.- The Commissioner shall require that each title insurer subject to this subtitle provide to the Commissioner on a uniform basis financial data and any other information that the Commissioner requires in the regulation of rates.
(b) Specific data.- The financial data to be provided shall include:
(1) rates, taxes, general expenses, allocated and unallocated loss adjustment expenses, licenses, and fees; and
(2) all other expenses that relate to the procurement of business not specifically listed as commissions, including dividends, retainers, stock, office space, or any other valuable consideration.
(c) Form.- The information to be provided under this section shall be supplied on forms provided by the Commissioner.
[An. Code 1957, art. 48A, § 242A; 1997, ch. 35, § 2.]
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