Md. Code, Insurance § 18-115
This is the official text of Md. Code, Insurance § 18-115, part of Maryland’s Code, Insurance — regulates insurance companies and the policies they sell.
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§18–115.
Official statutory text
In evaluating the expected and actual loss ratios, the Commissioner shall consider:
(1) the statistical credibility of incurred claims experience and earned premiums;
(2) the period for which rates are computed to provide coverage;
(3) experienced and projected trends;
(4) the concentration of experience within early policy duration;
(5) expected claim fluctuation;
(6) experienced refunds, adjustments, or dividends;
(7) renewability features;
(8) all appropriate expense factors;
(9) interest;
(10) the experimental nature of the coverage;
(11) policy reserves;
(12) the mix of business by risk classification; and
(13) product features, including long elimination periods, high deductibles, and high maximum limits.
(1) the statistical credibility of incurred claims experience and earned premiums;
(2) the period for which rates are computed to provide coverage;
(3) experienced and projected trends;
(4) the concentration of experience within early policy duration;
(5) expected claim fluctuation;
(6) experienced refunds, adjustments, or dividends;
(7) renewability features;
(8) all appropriate expense factors;
(9) interest;
(10) the experimental nature of the coverage;
(11) policy reserves;
(12) the mix of business by risk classification; and
(13) product features, including long elimination periods, high deductibles, and high maximum limits.
Status: in_force · Read it on the official government site
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