2013 Maryland Code
INSURANCE
§ 11-101 - Definitions


MD Ins Code § 11-101 (2013) What's This?

§11-101.

(a) In this title the following words have the meanings indicated.

(b) “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.

(c) “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.

(d) “Rating organization” means a person licensed under § 11-218 of this title.

(e) “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.

(f) “Working day” means a day when the Administration is open for business.

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