- A. In this chapter, the following terms have the meanings indicated.
B. Terms Defined.
- (1) “Commissioner” means the Insurance Commissioner of Maryland.
- (2) “Organization” means every educational or religious organization, hospital, or community foundation authorized to issue annuities under a permit issued in accordance with Insurance Article, §16-114(b), Annotated Code of Maryland.
- (3) “Qualified actuary” means an individual who is a member in good standing of the American Academy of Actuaries and is qualified to sign statements of actuarial opinion in accordance with the American Academy of Actuaries’ standards.
Authority: Insurance Article, §§2-109 and 16-114, Annotated Code of Maryland
Effective date: August 14, 1995 (22:16 Md. R. 1221)
Chapter recodified from COMAR 09.31.03 to COMAR 31.09.07 effective September 7, 1998 (25:18 Md. R. 1439)
Regulation .02B amended effective April 6, 2020 (47:7 Md. R. 385)
Regulation .03C amended effective November 7, 2016 (43:22 Md. R. 1223)
Regulation .03D amended effective April 6, 2020 (47:7 Md. R. 385)
Regulation .04B amended effective December 19, 2016 (43:25 Md. R. 1386)