Md. Code Regs. 31.14.02.07

Current through Register Vol. 51, No. 19, September 20, 2024

Section 31.14.02.07 - Exceptional Premium Rate Increases

A. Except as provided in Regulation .06 of this chapter, exceptional increases are subject to the same requirements as other premium rate schedule increases.

B. The Commissioner may request a review by an independent actuary or a professional actuarial body of the basis for a request that an increase be considered an exceptional increase.

C. The Commissioner, in determining that the necessary basis for an exceptional increase exists, shall also determine any potential offsets to higher claims costs.

Md. Code Regs. 31.14.02.07