Maryland Code, Insurance § 9-313
Current as of December 31, 2021 | Updated by FindLaw Staff
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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 December 31, 2021 | https://codes.findlaw.com/md/insurance/md-code-insurance-sect-9-313/
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