§ 11-405
106 words·~1 min read·
/md/insurance/11-405A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§11–405.
(a)The Commissioner shall require that each title insurer subject to this subtitle provide to the Commissioner on a uniform basis financial data and any other information that the Commissioner requires in the regulation of rates.
(b)The financial data to be provided shall include:
(1)rates, taxes, general expenses, allocated and unallocated loss adjustment expenses, licenses, and fees; and
(2)all other expenses that relate to the procurement of business not specifically listed as commissions, including dividends, retainers, stock, office space, or any other valuable consideration.
(c)The information to be provided under this section shall be supplied on forms provided by the Commissioner.