Md. Code, Ins. § 11-216

Current with changes from the 2024 Legislative Session

Section 11-216 - Use of territory as a rate determining factor

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.

Md. Code, IN § 11-216