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Current as of January 01, 2025 | Updated by Findlaw Staff
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.
Cite this article: FindLaw.com - Maryland Code, Insurance § 9-313 - last updated January 01, 2025 | https://codes.findlaw.com/md/insurance/md-code-insurance-sect-9-313/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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