reglab/statecodes huggingface dataset:
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 06 - TAXES AND FEES › Chapter 31.06.01 - Allocation and Taxation of Premiums › Section 31.06.01.03 - Waiver By Commissioner

Current through Register Vol. 51, No. 14, July 12, 2024
The method of allocation of gross direct premiums set forth above may be altered or waived in whole or in part by the Commissioner upon application by any insurer and a finding by the Commissioner that the proposed method of allocation justly and fairly determines the portion of the premiums derived from, or reasonably attributable to, the insurer's business in this State.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 06 - TAXES AND FEES › Chapter 31.06.01 - Allocation and Taxation of Premiums › Section 31.06.01.04 - Taxes on Premiums Received

Current through Register Vol. 51, No. 14, July 12, 2024
A. Authority. This regulation is deemed necessary as an aid to effectuation of Insurance Article, §
									6-101, Annotated Code of Maryland.
B. Applicability. This regulation applies to all domestic insurers.
C. Taxes on Premiums Received by Domestic Companies Which Are Not Taxed by Another State. In determining the amount of direct premiums taxable in this State, premiums written, procured, or received in this State shall be deemed written on property or risks located or resident in this State, except such premiums as are properly allocated or proportioned and reported as taxable premiums of any other state or states.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 06 - TAXES AND FEES › Chapter 31.06.02 - Retaliatory Tax › Section 31.06.02.01 - Premium Tax Report

Current through Register Vol. 51, No. 14, July 12, 2024
Beginning with the return for the calendar year 1967, to be filed on or before March 15, 1968, each foreign and alien insurer licensed to do business in Maryland shall prepare, as part of the annual premium tax report, an analysis in the aggregate of the applicable taxes, licenses, and other fees payable by a Maryland insurer transacting the same lines of business to any agency or department of the foreign or alien insurer's state of domicile. An analysis, in the aggregate, shall also be prepared of all the applicable taxes, licenses, and other fees payable by the foreign or alien insurer to any agency or department of Maryland. On the basis of these analyses, the company shall compute the retaliatory tax and include the payment of the total due if any in its remittance for premium taxes, payable to the Maryland Insurance Administration on or before March 15th in each calendar year, the time fixed by statute for filing the premium tax report. A composite tax form will be made available to all affected insurers.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 06 - TAXES AND FEES › Chapter 31.06.02 - Retaliatory Tax › Section 31.06.02.02 - Audit

Current through Register Vol. 51, No. 14, July 12, 2024
The Maryland Insurance Administration shall perform an audit of the retaliatory tax with its audit of the annual premium tax report and in addition shall compute and bill for any additional retaliatory tax due from companies domiciled in a state where by statute or ordinance taxes, licenses, or fees are payable to political subdivisions of that state. If the amount of retaliatory tax computed by the Maryland Insurance Administration is greater than the amount shown on the report, the excess shall be assessed by the Maryland Insurance Administration and a notice of the assessment shall be mailed to the insurance company filing the report. The assessment shall be made within 3 years from the date the report was due, except in the case of failure to file a report or of a fraudulent report, in which case the excess may be assessed at any time.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 06 - TAXES AND FEES › Chapter 31.06.02 - Retaliatory Tax › Section 31.06.02.03 - Credit to Calendar Year

Current through Register Vol. 51, No. 14, July 12, 2024
For the purpose of computing the obligations imposed by Maryland on foreign and alien insurers, payments made to the Unsatisfied Claim and Judgment Fund, the Maryland Automobile Insurance Fund, and any other Maryland special purpose fund which comes within the provisions of the retaliatory tax statute, shall be credited to the calendar year in which the payments were actually made, regardless of the premium payment year on which assessment is based.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 06 - TAXES AND FEES › Chapter 31.06.02 - Retaliatory Tax › Section 31.06.02.04 - Domicile

Current through Register Vol. 51, No. 14, July 12, 2024
For the purposes of this chapter, the domicile of an insurer formed under the Laws of Canada or a province of Canada shall be deemed to be that of the province in which its head office is situated. All other alien insurers shall be deemed to be domiciled in that state in which is located its principal place of business in the United States.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 06 - TAXES AND FEES › Chapter 31.06.03 - Risk Retention Groups and Purchasing Groups-Fees › Section 31.06.03.01 - Purpose

Current through Register Vol. 51, No. 14, July 12, 2024
This chapter is promulgated to aid in the effectuation of Insurance Article, Title 25, Subtitle 1, Annotated Code of Maryland, and establishes reasonable fees to defray the costs incurred by the Insurance Administration in carrying out these requirements.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 06 - TAXES AND FEES › Chapter 31.06.03 - Risk Retention Groups and Purchasing Groups-Fees › Section 31.06.03.02 - Applicability

Current through Register Vol. 51, No. 14, July 12, 2024
This chapter shall apply to all:
A. Risk retention groups seeking to be chartered in this State;
B. Risk retention groups chartered in a state other than this State and seeking to do business in this State; and
C. Purchasing groups which intend to do business in this State.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 06 - TAXES AND FEES › Chapter 31.06.03 - Risk Retention Groups and Purchasing Groups-Fees › Section 31.06.03.03 - Registration Fees

Current through Register Vol. 51, No. 14, July 12, 2024
A. Domestic risk retention groups shall pay the following nonrefundable fees to the Commissioner:
(1) Submission of plan of operation or feasibility study-$50;
(2) Certificate of authority-$200;
(3) Filing annual statement-$25;
(4) Annual continuation of certificate of authority-$25.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 06 - TAXES AND FEES › Chapter 31.06.04 - Premium Tax - Required Filings, Payments, Penalties, and Interest › Section 31.06.04.01 - Scope

Current through Register Vol. 51, No. 14, July 12, 2024
This chapter applies to any person who is subject to the taxation of premiums in the State under Insurance Article, §§
									6-101 and  6-102.1, Annotated Code of Maryland.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 06 - TAXES AND FEES › Chapter 31.06.04 - Premium Tax - Required Filings, Payments, Penalties, and Interest › Section 31.06.04.02 - Declaration of Estimated Tax and Quarterly Payments

Current through Register Vol. 51, No. 14, July 12, 2024
A. Each taxpayer subject to premium tax under Insurance Article, §
									6-101, Annotated Code of Maryland, shall declare an estimated annual tax if the taxpayer's total tax for the current tax year is reasonably expected to exceed $1,000.
B. The declaration of estimated annual tax shall be:
(1) Filed with the Insurance Administration, on a form or in a manner approved by the Commissioner, on or before April 15 of the tax year; and
(2) A reasonable estimate of the expected annual tax liability for that year.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 06 - TAXES AND FEES › Chapter 31.06.04 - Premium Tax - Required Filings, Payments, Penalties, and Interest › Section 31.06.04.03 - Final Report

Current through Register Vol. 51, No. 14, July 12, 2024
A. On or before March 15 following the end of the tax year, a person subject to premium tax shall file a Final Report with the Insurance Administration on a form or in a manner approved by the Commissioner.
B. The Final Report of premium taxes required under Insurance Article, §
									6-107, Annotated Code of Maryland, shall contain:
(1) Either:
(a) A report of the new and renewal gross direct premiums less returned premiums written by the taxpayer during the preceding calendar year, including, for Maryland domiciled taxpayers, premiums written in a state where the taxpayer is not licensed; or
(b) If the taxpayer issues perpetual policies of fire insurance, a report of the average amount of deposits held by the taxpayer during the preceding calendar year in connection with perpetual policies of fire insurance issued on property in the State and in force during any part of that year;
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 06 - TAXES AND FEES › Chapter 31.06.04 - Premium Tax - Required Filings, Payments, Penalties, and Interest › Section 31.06.04.04 - Interest and Penalties

Current through Register Vol. 51, No. 14, July 12, 2024
A. Each taxpayer is subject to the assessment of a penalty of 5 percent of the amount not paid when due and interest at the rate specified in Tax-General Article, §13-604(b)(1), Annotated Code of Maryland, from the date the tax was due until payment is made to the Commissioner when the taxpayer fails to remit or remits less than:
(1) The amount due with:
(a) The declaration of estimated annual tax in accordance with Regulation. 02C of this chapter; or
(b) Each quarterly payment report in accordance with Regulation .02D of this chapter; or
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 07 - INSURANCE RATING LAW › Chapter 31.07.01 - Property, Casualty, Surety, and Marine Rating, and Supplementary Information Filings › Section 31.07.01.01 - Purpose

Current through Register Vol. 51, No. 14, July 12, 2024
Pursuant to Insurance Article, §§
									11-206,  11-307,  11-329, and  11-330, Annotated Code of Maryland, rate filings made by individual insurers may incorporate the experience of rating organizations. The experience includes statistical data, prospective loss costs, and supporting information, as defined in this chapter. The purpose of this chapter is to establish what additional information shall be provided to the Commissioner by insurers which incorporate, in whole or in part, filings made by rating organizations.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 07 - INSURANCE RATING LAW › Chapter 31.07.01 - Property, Casualty, Surety, and Marine Rating, and Supplementary Information Filings › Section 31.07.01.02 - Scope

Current through Register Vol. 51, No. 14, July 12, 2024
This chapter applies to rate filings made pursuant to Insurance Article, Title 11, Subtitle 2 and Subtitle 3, Annotated Code of Maryland.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 07 - INSURANCE RATING LAW › Chapter 31.07.01 - Property, Casualty, Surety, and Marine Rating, and Supplementary Information Filings › Section 31.07.01.03 - Definitions

Current through Register Vol. 51, No. 14, July 12, 2024
A. In this chapter, the following terms have the meanings indicated.
B. Terms Defined.
(1) "Expenses" means that portion of a rate attributable to acquisition, field supervision, collection and general expenses, taxes, licenses, and fees.
(2) "Prospective loss cost" means that portion of a rate exclusive of profit or expenses, other than loss adjustment expenses, which is based on historical aggregate losses and loss adjustment expenses adjusted through development to their ultimate value and projected through trending to a future point in time.
(3) "Rate" has the meaning stated in Insurance Article, §
										11-101, Annotated Code of Maryland.
(4) "Rating organization" has the meaning stated in Insurance Article, §
										11-101, Annotated Code of Maryland.
(5) "Supplementary rate information" has the meaning stated in Insurance Article, §
										11-101, Annotated Code of Maryland.
(6) "Supporting information" means:
(a) The experience and judgment of the insurer;
(b) The experience or data of other insurers or rating organizations relied upon by the insurer;
(c) The interpretation of any statistical data relied upon by the insurer;
(d) Descriptions of methods used in making the rates; and
(e) Other similar information required to be filed by the Commissioner.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 07 - INSURANCE RATING LAW › Chapter 31.07.01 - Property, Casualty, Surety, and Marine Rating, and Supplementary Information Filings › Section 31.07.01.04 - Rating Organization Reference Filings of Advisory Prospective Loss Costs

Current through Register Vol. 51, No. 14, July 12, 2024
A. Rating organizations may develop and make reference filings containing advisory prospective loss costs. These filings shall contain the statistical data and supporting information, calculations, and assumptions underlying those prospective loss costs. Reference filings shall be filed and become effective in accordance with the provisions of Insurance Article, §§
									11-206,  11-307,  11-329, and  11-330, Annotated Code of Maryland.
B. An insurer may satisfy its obligation to make rate filings by:
(1) Becoming a member of, or a subscriber to, a licensed rating organization which makes reference filings of advisory prospective loss costs;
(2) Filing with the Commissioner the information required in Regulation .05 of this chapter; and
(3) Authorizing the Commissioner by the filing of a reference filing adoption form, to accept the reference filings on its behalf.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 07 - INSURANCE RATING LAW › Chapter 31.07.01 - Property, Casualty, Surety, and Marine Rating, and Supplementary Information Filings › Section 31.07.01.05 - Required Documents

Current through Register Vol. 51, No. 14, July 12, 2024
A. An insurer filing which refers to or incorporates a rating organization's reference filing of prospective loss costs shall include the following:
(1) Reference filing adoption form as set forth in Regulation .08 of this chapter, or the NAIC Loss Cost Filing Documents titled "Other than Workers' Compensation", "For Workers' Compensation", and "NAIC Expense Constant Supplement";
(2) Summary of supporting information as set forth in Regulation .08 of this chapter; and
(3) Expense constant supplement as set forth in Regulation .08 of this chapter if expense constants are utilized.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 07 - INSURANCE RATING LAW › Chapter 31.07.01 - Property, Casualty, Surety, and Marine Rating, and Supplementary Information Filings › Section 31.07.01.06 - Rating Organization Filings of Advisory Supplementary Rate Information

Current through Register Vol. 51, No. 14, July 12, 2024
A. Rating organizations may develop and make filings of supplementary rate information in accordance with Insurance Article, §§
									11-206 and  11-307, Annotated Code of Maryland.
B. An insurer may satisfy its obligation to make filings of supplementary rate information by becoming a member of, or a subscriber to, a licensed rating organization and by authorizing the Commissioner to accept the filings on its behalf. The insurer's supplementary rate information shall be that filed by the rating organization, subject to any modifications filed by the insurer.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 07 - INSURANCE RATING LAW › Chapter 31.07.01 - Property, Casualty, Surety, and Marine Rating, and Supplementary Information Filings › Section 31.07.01.07 - Existing Rates and Deviations Remain in Effect Until Disapproved, Replaced, or Modified

Current through Register Vol. 51, No. 14, July 12, 2024
Nothing in these regulations shall be construed to require any rating organization or member or subscriber insurer to refile any rates in effect. Any member or subscriber to a licensed rating organization is authorized to continue to use all rates and deviations in effect until such time as these rates are disapproved, replaced, or modified or the insurer submits an independent filing to change its rates or files a reference filing form adopting the rating organization's prospective loss costs, or modification of them.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 07 - INSURANCE RATING LAW › Chapter 31.07.03 - Review of Automobile Rating Territories › Section 31.07.03.01 - Purpose

Current through Register Vol. 51, No. 14, July 12, 2024
The purpose of this chapter is to ensure that all insurers that use territory as a factor in establishing automobile insurance rates in the State, including the Maryland Automobile Insurance Fund, file statements with the Commissioner that satisfy the requirements of Insurance Article, §§
									11-216 and  11-319, Annotated Code of Maryland.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 07 - INSURANCE RATING LAW › Chapter 31.07.03 - Review of Automobile Rating Territories › Section 31.07.03.02 - Triannual Review of Territories

Current through Register Vol. 51, No. 14, July 12, 2024
Each insurer that uses territory as a factor in establishing automobile insurance rates in the State, including the Maryland Automobile Insurance Fund, shall conduct a review of its territories every 3 years.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 07 - INSURANCE RATING LAW › Chapter 31.07.03 - Review of Automobile Rating Territories › Section 31.07.03.03 - Filing Requirements

Current through Register Vol. 51, No. 14, July 12, 2024
A. Each insurer that uses territory as a factor in establishing automobile insurance rates in the State, including the Maryland Automobile Insurance Fund, shall file with the Commissioner a certification statement.
B. The certification statement shall be on the form adopted by the Commissioner in Regulation .04 of this chapter.
C. The certification statement shall be filed:
(1) On or before June 1, 2007;
(2) Upon completion of each review required by the Commissioner pursuant to Regulation .02 of this chapter; and
(3) Contemporaneously with each rate filing that indicates a modification of territorial rating factors.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 07 - INSURANCE RATING LAW › Chapter 31.07.03 - Review of Automobile Rating Territories › Section 31.07.03.04 - Certification Statement for Automobile Insurers

Current through Register Vol. 51, No. 14, July 12, 2024
A. Certification Statement for Insurers and Rating Organizations.
CERTIFICATION STATEMENT REVIEW OF AUTOMOBILE RATING TERRITORIES
I, ____________________, a duly authorized representative of _______________________ (insurer or rating organization), NAIC # ______ (if applicable), do hereby certify that the following information is true to the best of my knowledge and belief.
1. The use of territories as a factor in rating by the above-named (insurer or rating organization) has been reviewed within the previous 3 years; and
2. Use of the territories on file, or as set forth in this filing, are actuarially justified. I understand that the Maryland Insurance Administration will rely on this certification, and if it is determined that this certification is materially false or incorrect, the insurer may be subject to administrative action, including appropriate penalties.
________________ _______________________________________ Date Signature of Authorized Representative
Name of Authorized Representative: ____________________________________________________________________________
Title: ______________________________
Address of Insurer: _________________________________________________________
Mail certification statement to: P & C Rate and Form Unit, Maryland Insurance Administration, 200 St. Paul Place, Baltimore, MD 21202.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 07 - INSURANCE RATING LAW › Chapter 31.07.03 - Review of Automobile Rating Territories › Section 31.07.03.05 - Filings Made By Rating Organizations

Current through Register Vol. 51, No. 14, July 12, 2024
A. A licensed rating organization that files on behalf of its members or subscribers automobile insurance rates that use territory as a factor in establishing automobile insurance rates in the State shall comply with the provisions of Regulations .02-.04 of this chapter.
B. An insurer that is required to file a certification statement may utilize the certification statement in Regulation .04B of this chapter if:
(1) The insurer is a member or subscriber of a licensed rating organization which has been authorized to make filings on the insurer's behalf or the insurer has filed to adopt the rating organization's filing; and
(2) The insurer has not filed with the Commissioner a deviation from the rates, loss costs, or both, filed by the rating organization relating to the use of territories.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 08 - PROPERTY AND CASUALTY INSURANCE › Chapter 31.08.01 - Antiarson Application › Section 31.08.01.01 - General-Applicability

Current through Register Vol. 51, No. 14, July 12, 2024
A. This chapter applies to commercial monoline fire policies, designated occupancies, and areas of the State that are found by the Insurance Commissioner, after a public hearing, to have an abnormally high incidence of arson, except a one to four family owner-occupied dwelling, for loss due to fire as provided in Insurance Article, Title 19, Subtitle 3, Annotated Code of Maryland.
B. This chapter also applies to any existing insurance policy which is assigned because of the transfer of a major financial interest in the insured property.
C. An applicant is considered to hold a substantial interest or a major financial interest in any property or mortgage when the value held in a property or mortgage is equal to 10 percent of the ownership interest.
D. An antiarson application may be used for commercial monoline fire policies, designated occupancies, and designated areas of the State, based upon a finding by the Insurance Commissioner, after a public hearing, that these commercial monoline fire policies, designated occupancies, and areas of the State have an abnormally high incidence of arson.
E. The Insurance Commissioner may extend the application of these regulations to other than commercial monoline fire policies if the Insurance Commissioner finds, after public hearing, that the properties insured through those other types of policies are especially prone to arson.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 08 - PROPERTY AND CASUALTY INSURANCE › Chapter 31.08.01 - Antiarson Application › Section 31.08.01.02 - Antiarson Application

Current through Register Vol. 51, No. 14, July 12, 2024
A. Each insurer or producer soliciting insurance requiring the use of an antiarson application shall obtain from the applicant the information required by the form of application designated as Standard Antiarson Application Part 1 as set forth in Regulation .03 of this chapter. The completed application shall be obtained before the risk is bound.
B. The insurer or producer may not bind the risk or issue the coverage unless the applicant returns a completed and signed antiarson application.
C. If the Part 1 application indicates that further information is necessary, the insurer or producer shall require the applicant to complete the Standard Antiarson Application Part 2, as set forth in Regulation .04 of this chapter.
D. The insurer may cancel the policy or binder under either of the following circumstances by giving the insured a notice of cancellation stating the specific reason for the action:
(1) If the applicant does not furnish the insurer a completed and signed Antiarson Application Part 2 within 20 days after being requested to do so; or
(2) Under the conditions stated in Insurance Article, §
										19-309, Annotated Code of Maryland, within 90 days from receipt by the insurer of the Antiarson Application Part 2.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 08 - PROPERTY AND CASUALTY INSURANCE › Chapter 31.08.01 - Antiarson Application › Section 31.08.01.03 - Standard Antiarson Application-Part 1

Current through Register Vol. 51, No. 14, July 12, 2024
NAME OF APPLICANT/INSURED ______________________________________
LOCATION OF STRUCTURE __________________________________________
PRESENT OCCUPANCY OF STRUCTURE _________________________________
Amount of Insurance __________ Applicant is:
Owner Occupant [ ] Absentee Owner [ ] Tenant [ ]
A. VALUATION: This information helps to explain the amount of insurance selected at the time of application, but does not determine the value at the time of loss.
1. Purchase Information: Date _________________ Price $_______
Cost of Subsequent Improvements $________________________
2. Estimated Replacement Cost $_____________________________
Estimated Fair Market Value (exclusive of land) $_______
3. For rental properties, indicate the Annual Rental Income
$_____________________________________________________________
4. Check the valuation method used to establish the amount of insurance:
Replacement Cost______________________________________ Replacement Cost Less Physical Depreciation___________ Fair Market Value (exclusive of land)_________________ Other (Describe)______________________________________
5. Who determined the value________________________________
Attach a copy of any appraisal.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 08 - PROPERTY AND CASUALTY INSURANCE › Chapter 31.08.01 - Antiarson Application › Section 31.08.01.04 - Standard Antiarson Application-Part 2

Current through Register Vol. 51, No. 14, July 12, 2024
A. Ownership Information:
1. Check the type of ownership for the insured property:
[ ] Shareholders of a corporation
[ ] Trustees and beneficiaries
[ ] Partners, including limited partners
[ ] Sole proprietorship
2. Complete the following for all those possessing an ownership interest of 10% or more, except that all owners should be listed for closed corporations and beneficiaries.
NAME ADDRESS POSITION INTEREST
____________________________________________________________________________
3. Have any of the owners listed above:
a. Within the past ten years, claimed any fire loss for the destruction of 25% or more of any insured property
Yes [ ] No[ ]
If Yes, complete the following:
Location
Date
Amount of Loss
Description of Loss
________________
________
______________
_________________________
________________
________
______________
_________________________
b. Been convicted of any crimes
Yes [ ] No[ ]
If Yes, complete the following:
Name
Date
Offense
_________________________
______
________________________________
4. Mortgage Payments:
Mortgagee___________________ Monthly Payment____________
Amount Past Due__________________________________________
List any other encumbrances______________________________
5. Unrecorded Mortgages:
Name of Mortgagee:_______________________________________
Explanation______________________________________________
6. Taxes (include Real Estate, Water, Sewer, Special Privilege, etc.):
Annual Amount Due_______________ Amount Past Due_________
7. Is the building for sale
Yes [ ] No[ ]
If yes, date put up for sale: ____________
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 08 - PROPERTY AND CASUALTY INSURANCE › Chapter 31.08.02 - Toll-Free Telephone Number › Section 31.08.02.02 - Establishment of Toll-Free Telephone Number

Current through Register Vol. 51, No. 14, July 12, 2024
A. The Insurance Commissioner shall establish a toll-free telephone number to assist and educate consumers concerning the purchase of private passenger automobile insurance.
B. The Commissioner may provide to callers educational materials that may include a rate guide or list of insurance producers and insurers.
C. The Commissioner may not recommend to callers specific insurers or insurance producers.
D. The toll-free telephone number shall be published in the private passenger automobile insurance rate guide prepared by the Commissioner.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 08 - PROPERTY AND CASUALTY INSURANCE › Chapter 31.08.02 - Toll-Free Telephone Number › Section 31.08.02.03 - Data

Current through Register Vol. 51, No. 14, July 12, 2024
A. The Commissioner shall maintain a record of calls received on the toll-free telephone number set forth in Regulation .02A of this chapter which includes the following information:
(1) The zip code and county of the caller; and
(2) The date and summary of the purpose of the call.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 08 - PROPERTY AND CASUALTY INSURANCE › Chapter 31.08.03 - Notices of Cancellation, Nonrenewal, Premium Increase, and Reduction in Coverage › Section 31.08.03.01 - Purpose

Current through Register Vol. 51, No. 14, July 12, 2024
The purpose of this chapter is to ensure that all insurers issuing private passenger motor vehicle liability insurance policies in Maryland include in their notices of cancellation, nonrenewal, premium increase, or reduction in coverage, a statement concerning the insured's right to protest the proposed action of the insurer within 30 days after the date of mailing of the notice in accordance with Insurance Article, §§
									27-613 and  27-614, Annotated Code of Maryland, which is incorporated by reference.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 08 - PROPERTY AND CASUALTY INSURANCE › Chapter 31.08.03 - Notices of Cancellation, Nonrenewal, Premium Increase, and Reduction in Coverage › Section 31.08.03.02 - Applicability

Current through Register Vol. 51, No. 14, July 12, 2024
This chapter applies to all motor vehicle liability insurers authorized to write private passenger motor vehicle liability insurance policies in Maryland, other than the Maryland Automobile Insurance Fund.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 08 - PROPERTY AND CASUALTY INSURANCE › Chapter 31.08.03 - Notices of Cancellation, Nonrenewal, Premium Increase, and Reduction in Coverage › Section 31.08.03.03 - Definitions

Current through Register Vol. 51, No. 14, July 12, 2024
A. In this chapter, the following terms have the meanings indicated.
B. Terms Defined.
(1) "Affiliated insurer" means an insurer that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with another insurer.
(2) "Control" means the direct or indirect possession of the power to direct, or cause the direction of, the management and policies of an insurer, regardless of whether the power is exercised by:
(a) Ownership of voting securities or of securities convertible into voting securities;
(b) Contract, other than a commercial contract for goods or nonmanagement services; or
(c) Any other means.
(3) "General increase in premiums" means an increase in premiums because of a change in an insurer's rates or a modification of the insurer's rating plan.
(4) "MIA Form 1006-A" means the notice of premium increase form in Regulation .07 of this chapter that insurers may use for premium increases of 15 percent or less for an entire policy.
(5) "MIA Form 1006-B" means the notice of premium increase form in Regulation .08 of this chapter that insurers may use for premium increases of greater than 15 percent for an entire policy.
(6) "Rating symbol" means a symbol assigned to a make or model of vehicle to reflect the loss experience of that make or model of vehicle.
(7) Reclassification.
(a) "Reclassification" means the placement of an insured by an insurer into a different classification based on one or more of the following criteria:
(i) Age, sex, or marital status of an insured;
(ii) Accident or driving record of an insured;
(iii) Usage, including mileage driven, of an insured vehicle; or
(iv) Performance classification (high performance, intermediate performance, and sports type) of an insured vehicle.
(b) "Reclassification" does not include an offer of coverage through an affiliated insurer.
(8) Reduction in Coverage.
(a) "Reduction in coverage" includes:
(i) A reduction of any limit for liability coverage, uninsured motorist coverage, or personal injury protection if the limit is greater than the statutorily required minimum;
(ii) An increase in the deductible for or elimination of comprehensive coverage; or
(iii) A reduction or elimination of towing coverage, rental coverage, or any other coverage.
(b) "Reduction in coverage" does not include:
(i) The elimination of any coverage that is no longer offered by an insurer in accordance with its filed rating plan; or
(ii) Any reduction or elimination of coverage made at the request of the insured.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 08 - PROPERTY AND CASUALTY INSURANCE › Chapter 31.08.03 - Notices of Cancellation, Nonrenewal, Premium Increase, and Reduction in Coverage › Section 31.08.03.06 - Procedures and Requirements Regarding an Increase in Premium

Current through Register Vol. 51, No. 14, July 12, 2024
A. Scope.
(1) Except as provided in §A(2) of this regulation, this regulation applies to any increase in premium by an insurer.
(2) This regulation does not apply to an increase in premium due to:
(a) A general increase in premiums filed with the Commissioner if the increase in premium of the insured does not result from a reclassification of the insured;
(b) The addition of a motor vehicle to a policy;
(c) A change of motor vehicle covered by a policy;
(d) A change in vehicle usage that results in a change in driver class;
(e) A change of territory;
(f) A change in the age, sex, or marital status of an insured.
(g) An increase in coverage limits requested by the insured;
(h) The addition of a driver;
(i) The removal of a multi-policy discount;
(j) Any request by an insured that results in a change in coverage, decrease in deductible, or other change to a policy;
(k) The removal or reduction of a discount unless the discount is removed or reduced wholly or partly due to:
(i) An accident;
(ii) A violation of the Maryland Vehicle Law or the vehicle law of another state;
(iii) The claims history of the insured;
(iv) A retiering of the insured; or
(v) The application of a program that measures the operation of an insured vehicle during the current policy period as referenced in Insurance Article, §
												11-318, Annotated Code of Maryland;
(l) The change or modification of a rating symbol;
(m) The recalculation of a premium by an insurer during the 45-day underwriting period in accordance with Insurance Article, §
											12-106(d)(2)  and (3), Annotated Code of Maryland; or
(n) Any other cause for an increase in premium for which the Commissioner waives the notice requirement.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 08 - PROPERTY AND CASUALTY INSURANCE › Chapter 31.08.03 - Notices of Cancellation, Nonrenewal, Premium Increase, and Reduction in Coverage › Section 31.08.03.07 - MIA Form 1006-A

Current through Register Vol. 51, No. 14, July 12, 2024
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Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 08 - PROPERTY AND CASUALTY INSURANCE › Chapter 31.08.03 - Notices of Cancellation, Nonrenewal, Premium Increase, and Reduction in Coverage › Section 31.08.03.08 - MIA Form 1006-B

Current through Register Vol. 51, No. 14, July 12, 2024
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Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 08 - PROPERTY AND CASUALTY INSURANCE › Chapter 31.08.03 - Notices of Cancellation, Nonrenewal, Premium Increase, and Reduction in Coverage › Section 31.08.03.09 - Statement of Actual Reason

Current through Register Vol. 51, No. 14, July 12, 2024
A. Applicability to Binders. This regulation applies to a binder only if the binder has been in effect for at least 45 days.
B. Contents of Statement. If an insurer cancels, refuses to renew, increases a premium for, or reduces coverage under a policy or binder of private passenger motor vehicle liability insurance, the statement of actual reason required by Insurance Article, §§
									27-613 or  27-614, Annotated Code of Maryland, shall include at a minimum:
(1) If the action of the insurer is due wholly or partly to an accident:
(a) The name of the driver;
(b) The date of the accident; and
(c) If fault is a material factor for the insurer's action, a statement that the driver was at fault.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 08 - PROPERTY AND CASUALTY INSURANCE › Chapter 31.08.03 - Notices of Cancellation, Nonrenewal, Premium Increase, and Reduction in Coverage › Section 31.08.03.10 - Record Retention Requirements

Current through Register Vol. 51, No. 14, July 12, 2024
A. Length of Retention. An insurer that provides a notice of cancellation, nonrenewal, premium increase, or reduction in coverage pursuant to Insurance Article, §
									27-613 or  27-614, Annotated Code of Maryland, and this chapter, shall retain a copy of the notice and its proof of mailing for at least 3 years from the effective date of the notice.
B. Form of Records. An insurer may maintain a copy of a notice and the proof of mailing required to be retained by §A of this regulation in paper, photographic, microprocessed, magnetic, mechanical, electronic, digital, or any other medium, if the copy of the notice and proof of mailing are maintained in a manner that:
(1) Is clear and legible;
(2) Accurately reproduces the original document in its entirety, including any attachments to the document;
(3) Is capable of producing a clear and legible hard copy of the original document; and
(4) Preserves evidence of any signature contained on the document.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 08 - PROPERTY AND CASUALTY INSURANCE › Chapter 31.08.04 - Motor Vehicle Insurance-Out-of-State Coverage › Section 31.08.04.01 - Out-Of-State Motor Vehicle Coverage

Current through Register Vol. 51, No. 14, July 12, 2024
On and after the effective date of these regulations each insurer issuing a motor vehicle liability insurance policy covering a Maryland resident shall include in the policy a provision regarding out-of-State insurance coverage at least as favorable to the insured as the following:
"It is agreed that, subject to all the provisions of the policy except where modified herein, the following provision is added:
"If, under the provisions of the motor vehicle financial law or the motor vehicle compulsory insurance law or any similar law of the District of Columbia or of any state or province, a nonresident is required to maintain insurance with respect to the operation or use of a motor vehicle in such jurisdiction and such insurance requirements are greater than the insurance provided by the policy, the limits of the company's liability and the kinds of coverage afforded by the policy shall be as set forth in such law, in lieu of the insurance otherwise provided by the policy, but only to the extent required by such law and only with respect to the operation or use of a motor vehicle in such jurisdiction; provided that the insurance under this provision shall be reduced to the extent that there is other valid and collectible insurance under this or any other motor vehicle insurance policy. In no event shall any person be entitled to receive duplicate payments for the same elements of loss."
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 08 - PROPERTY AND CASUALTY INSURANCE › Chapter 31.08.04 - Motor Vehicle Insurance-Out-of-State Coverage › Section 31.08.04.02 - Existing Policies

Current through Register Vol. 51, No. 14, July 12, 2024
On the effective date of these regulations each insurer which has a motor vehicle liability insurance policy covering a Maryland resident in force which does not have coverage as favorable to the insured as that in Regulation .01 of this chapter shall amend the policy to provide the coverage of Regulation .01 of this chapter. The insurer may make an additional charge for any coverage added under the requirements of this regulation subject to a rate filing approved by the Insurance Commissioner.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 08 - PROPERTY AND CASUALTY INSURANCE › Chapter 31.08.05 - Addition, Reduction, or Elimination in Coverage Notice Requirement › Section 31.08.05.01 - Purpose

Current through Register Vol. 51, No. 14, July 12, 2024
Often when a property and casualty policy is renewed, coverage is reduced or eliminated or deductibles are increased. There may also be automatic increases in policy limits pursuant to construction or inflation indices. The purpose of this chapter is to require all property and casualty insurers who intend to reduce or eliminate coverage, change a deductible or increase policy limits to clearly notify the policyholder of the action that has been taken.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 08 - PROPERTY AND CASUALTY INSURANCE › Chapter 31.08.05 - Addition, Reduction, or Elimination in Coverage Notice Requirement › Section 31.08.05.02 - Notice Requirement

Current through Register Vol. 51, No. 14, July 12, 2024
A. This regulation does not apply to:
(1) A change in coverage that is made at the request of the insured;
(2) A change in coverage to a commercial risk that uses the services of a risk manager, broker, or insurance adviser;
(3) A reduction in coverage for a policy of private passenger motor vehicle liability insurance that is subject to Insurance Article, §
										27-613, Annotated Code of Maryland; or
(4) The recalculation of a premium by an insurer during the 45-day underwriting period in accordance with Insurance Article, §
										12-106(d)(2)  and (3), Annotated Code of Maryland.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 08 - PROPERTY AND CASUALTY INSURANCE › Chapter 31.08.06 - Nation-Wide Marine Definition and Plan for Interpretation › Section 31.08.06.01 - Purpose

Current through Register Vol. 51, No. 14, July 12, 2024
A. The Nation-Wide Marine Definition which was approved by the National Association of Insurance Commissioners on June 12, 1953, is hereby adopted for use in Maryland, and all insurance policies issued or renewed on or after September 1, 1953, were and shall be subject to the provisions of the Nation-Wide Marine Definition.
B. The purpose of this chapter is to describe the kinds of risks and coverages which may be classified or identified under State Insurance Laws as marine, inland marine, or transportation insurance, but does not include all of the kinds of risks and coverages which may be written, classified, or identified under marine, inland marine, or transportation insuring powers. This chapter may not be construed to mean that the kinds of risks and coverages are solely marine, inland marine, or transportation insurance in all instances.
C. This chapter may not be construed to restrict or limit in any way the exercise of any insuring powers granted under charters and license whether used separately, in combination or otherwise.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 08 - PROPERTY AND CASUALTY INSURANCE › Chapter 31.08.06 - Nation-Wide Marine Definition and Plan for Interpretation › Section 31.08.06.02 - Coverage

Current through Register Vol. 51, No. 14, July 12, 2024
A. Marine or transportation policies, or both, may cover under the following conditions provided in this regulation.
B. Imports.
(1) A shipment on consignment means property consigned and intrusted to a factor or agent to be held in his care, or under his control for sale for account of another or for exhibit or trial or approval or auction, and if not disposed of, to be returned.
(2) Imports on consignment may be covered wherever the property may be and without restriction as to time, provided the coverage of the issuing companies includes hazards of transportation.
(3) Imports not on consignment in such places of storage as are usually employed by importers, provided the coverage of the issuing companies includes hazards of transportation.
(4) These policies may also include the same coverage in respect to property purchased on C. I. F. terms or spot purchases for inclusion with or in substitution for bona fide importations.
(5) An import, as a proper subject of marine or transportation insurance, shall be deemed to maintain its character as such so long as the property remains segregated in the original form or package in such a way that it can be identified and has not become incorporated and mixed with the general mass of property in the United States, and shall be deemed to have been completed when the property has been:
(a) Sold and delivered by the importer, factor or consignee;
(b) Removed from place of storage as described in §B(3) of this regulation and placed on sale as part of importer's stock in trade at a point of sale-distribution; or
(c) Delivered for manufacture, processing, or change in form to premises of the importer or of another used for these purposes.
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 08 - PROPERTY AND CASUALTY INSURANCE › Chapter 31.08.07 - Medical Malpractice-Closed Claims Surveys - Repealed

Current through Register Vol. 51, No. 14, July 12, 2024
Authority: Insurance Article, §
										2-109 and Title 19, Subtitle 7, Annotated Code of Maryland
Code of Maryland Regulations › Title 31 - MARYLAND INSURANCE ADMINISTRATION › Subtitle 08 - PROPERTY AND CASUALTY INSURANCE › Chapter 31.08.08 - Lead Poisoning › Section 31.08.08.02 - Definitions

Current through Register Vol. 51, No. 14, July 12, 2024
A. In this chapter, the following terms have the meanings indicated.
B. Terms Defined.
(1) Affected Property;
(a) "Affected property" means:
(i) A residential rental property constructed before 1950 that contains not more than one rental dwelling unit;
(ii) A residential rental property that contains not more than one rental dwelling unit for which the owner makes an election under Environment Article, §
												6-803(a)(2), Annotated Code of Maryland; or
(iii) An individual rental dwelling unit within a residential rental property constructed before 1950 that contains more than one rental dwelling unit, or a residential rental property that contains more than one rental dwelling unit for which the owner makes an election under Environment Article, §
												6-803(a)(2), Annotated Code of Maryland.