§ 9-313
83 words·~1 min read·
/md/insurance/9-313A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§9–313.
The rate and premium charged for a policy or surety bond to which this subtitle applies:
(1)shall include an amount sufficient to recoup, over a reasonable length of time of not less than 3 years, the amount paid to the Corporation by the member insurer less any amount returned to the member insurer by the Corporation; and
(2)may not be considered excessive because the rate and premium contain an amount reasonably calculated to recoup assessments paid by the member insurer.