If the law or regulation in the place of domicile of a foreign company provides a degree of protection to the policyholders and the public which is substantially similar to that provided by these regulations, the Commissioner may consider compliance with the law or regulation as compliance with these regulations.

Authority: Insurance Article, §§2-109 and 16-601—16-603, Annotated Code of Maryland

Effective date: July 1, 1979 (6:10 Md. R. 841)

Regulation .04C amended effective December 27, 1983 (10:24 Md. R. 2189)

Regulation .11A amended effective August 22, 1988 (15:17 Md. R. 2048)

Chapter recodified from COMAR 09.30.43 to COMAR 31.09.02 effective September 7, 1998 (25:18 Md. R. 1439)

Regulation .02B amended effective May 21, 2018 (45:10 Md. R. 504)

Regulation .03C amended effective May 21, 2018 (45:10 Md. R. 504)

Regulation .03E amended effective April 12, 2004 (31:7 Md. R. 587)

Regulation .04 amended effective May 21, 2018 (45:10 Md. R. 504)

Regulation .04C amended effective August 6, 2012 (39:15 Md. R. 965)

Regulation .06G amended effective October 11, 2004 (31:20 Md. R. 1487)

Regulation .09A amended effective May 21, 2018 (45:10 Md. R. 504)

Regulation .09C adopted effective May 21, 2018 (45:10 Md. R. 504)

Regulation .11 amended effective April 22, 2019 (46:8 Md. R. 402)

Regulation .11A amended effective July 27, 2020 (47:15 Md. R. 713)