In order to assure disclosure of possible conflict of interests, foreign and domestic companies shall be able to answer in the affirmative the following interrogatory which is contained in the “General Interrogatories” section of the National Association of Insurance Commissioners (NAIC) annual statement: “Has the reporting entity an established procedure for disclosure to its board of directors or trustees of any material interest or affiliation on the part of any of its officers, directors, trustees, or responsible employees which is in, or is likely to, conflict with the official duties of such persons?”

Authority: Insurance Article, §§2-109, 4-113(a)(7)—(9), and 4-116, Annotated Code of Maryland

Effective date: January 30, 1968

Amended effective May 1, 1968

Chapter recodified from COMAR 09.30.08 to COMAR 31.04.06 effective September 7, 1998 (25:18 Md. R. 1439)

Regulation .01 amended effective June 20, 2016 (43:12 Md. R. 668)

Regulation .03 amended effective February 12, 2007 (34:3 Md. R. 303)