- (a) 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) 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) The information to be provided under this section shall be supplied on forms provided by the Commissioner.
Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997.
Formerly Art. 48A, § 242A.