- A. Applications to the Commissioner for higher than prima facie premium rates shall be accompanied and supported by credible statistics.
- B. Approval of applications for increased rates shall depend on whether the requested rates are not greater than rates based on the standards in this chapter.
- C. On policies of credit involuntary unemployment benefit insurance for which the prima facie loss ratio exceeds 58 percent, the rate shall be determined by the formula: ((Prima Facie Loss Ratio - 0.55) (1.41) + 1)(Prima Facie Rate).
- D. Premium rates for credit involuntary unemployment benefit insurance determined under this regulation shall be rounded to three decimal places per $10 of monthly benefit payable.
Authority: Insurance Article, §2-109 and Title 13, Annotated Code of Maryland
Effective date: January 1, 2003 (29:12 Md. R. 934)
Regulation .04B amended effective November 7, 2016 (43:22 Md. R. 1223)
Regulation .16A amended effective November 7, 2016 (43:22 Md. R. 1223)