Md. Code Ann., Ins. § 5-202
Inadequate unearned premium reserves of insurer
Effective Oct 1, 1997Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 1997, c. 274, § 1, eff. Oct. 1, 1997.State of Maryland
- (a) If the Commissioner determines that an insurer's unearned premium reserve is inadequate, the Commissioner may require the insurer to increase the unearned premium reserve and maintain it at an adequate level.
- (b) If the Commissioner determines that an insurer's loss reserves are inadequate as shown by the insurer's loss experience, the Commissioner shall require the insurer to increase the reserves and maintain them at an adequate level.
Added by Acts 1995, c. 36, § 1, eff. Oct. 1, 1997. Amended by Acts 1997, c. 274, § 1, eff. Oct. 1, 1997.
Formerly Art. 48A, § 82.