(a)
- (1) By written order, the Commissioner may suspend or modify the filing requirement for a kind of insurance, subdivision or combination of kinds of insurance, or for classes of risks, for which it is not practicable to file rates before they are used.
- (2) The Commissioner shall adopt regulations for the suspension or modification of filing requirements.
- (b) A regulation adopted or order issued under this section shall be made known to the insurers and rating organizations affected by the regulation or order.
- (c) The Commissioner may make any examination that the Commissioner considers advisable to determine if the rates affected by an order issued under this section meet the standards set forth in § 11-205 of this subtitle.
Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997.
Formerly Art. 48A, § 242.