1. A. An insurer that intends to activate a temporary moratorium in response to an event or emergency listed in Regulation .03C of this chapter shall file its moratorium protocol with the Administration.

2. B. The moratorium protocol shall:

   1. (1) Be filed with the Commissioner as an underwriting standard or as a rating rule prior to its use;
   2. (2) Be filed for all lines of insurance business to which the underwriting standard or rating rule applies;
   3. (3) Identify the events or emergencies listed in Regulation .03C of this chapter that will trigger the activation of the temporary moratorium; and
   4. (4) Identify the events that will result in the deactivation of the temporary moratorium.
3. C. If a moratorium protocol under §B of this regulation is not filed with the Administration, a temporary moratorium as described in §A of this regulation is not valid and may subject the insurer to appropriate administrative action.

Authority: Insurance Article, §§2-108, 2-109, 19-107, and 27-501, Annotated Code of Maryland

Effective date: March 22, 2010 (37:6 Md. R. 480)

Regulation .02 amended effective April 14, 2014 (41:7 Md. R. 423)

Regulation .03 amended effective April 14, 2014 (41:7 Md. R. 423)

Regulation .04 amended effective April 14, 2014 (41:7 Md. R. 423)

Regulation .05 amended effective April 14, 2014 (41:7 Md. R. 423)

Regulation .06 amended effective April 14, 2014 (41:7 Md. R. 423)

Regulation .06 repealed effective November 24, 2016 (43:23 Md. R. 1281)