§ 11-216. Use of territory as a rate determining factor.

MD Ins Code § 11-216 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

An insurer that uses territory as a factor in establishing automobile insurance rates shall submit a statement to the Commissioner certifying that:

(1)    the territories used by the insurer have been reviewed within the previous 3 years; and

(2)    use of the territories is actuarially justified.