Md. Code Regs. 31.04.01.03

Current through Register Vol. 51, No. 22, November 1, 2024

Section 31.04.01.03 - Conduct of Examination; Filing of Examination Report

A. This regulation applies to:

(1) A person subject to examination under Insurance Article, § 2-205, Annotated Code of Maryland;

(2) A nonprofit health service plan subject to examination under Insurance Article, § 14-125, Annotated Code of Maryland;

(3) A fraternal benefit society subject to examination under Insurance Article, § 8-461 or 8-462, Annotated Code of Maryland;

(4) A fronting reinsurer subject to examination under Insurance Article, § 13-116, Annotated Code of Maryland;

(5) An accredited reinsurer subject to examination under Insurance Article, Title 5, Subtitle 9, Annotated Code of Maryland;

(6) A dental plan organization subject to examination under Insurance Article, § 14-411, Annotated Code of Maryland; or

(7) A health maintenance organization subject to examination under Insurance Article, § 2-205(b)(l)(v), Annotated Code of Maryland.

B. The Commissioner, or an examiner designated by the Commissioner, shall conduct an examination authorized under Insurance Article, Annotated Code of Maryland, or Health-General Article, Annotated Code of Maryland, in accordance with the Examiners' Handbook adopted by the National Association of Insurance Commissioners and any other guidelines or procedures considered necessary by the Commissioner.

C. Time Period for Completion and Filing Report.

(1) Within 60 days after the completion of an examination conducted under Insurance Article, Annotated Code of Maryland, or Health-General Article, Annotated Code of Maryland, each examiner in charge of the examination shall prepare for filing with the Commissioner a verified written report of the examination.

(2) At least 30 days before filing the report in the office of the Commissioner, the Commissioner shall give a copy of the report to the person that was examined.

(3) If the person requests a hearing, in writing, within the 30-day period, the Commissioner shall grant a hearing on the report.

Md. Code Regs. 31.04.01.03

Regulations .03 adopted as an emergency provision effective June 17, 1993 (20:14 Md. R. 1164); adopted permanently effective October 11, 1993 (20:20 Md. R. 1570); amended effective 43:12 Md. R. 668, eff.6/20/2016