Section 11-313 - Notice to insureds of noncompetitive market.
§ 11-313. Notice to insureds of noncompetitive market.
For a kind or line of insurance as to which the Commissioner has issued an order in which the Commissioner finds that a reasonable degree of competition does not exist, the Commissioner may require the insurer at the time of filing a proposed rate increase with the Commissioner to notify each policyholder in writing that:
(1) the insurer has filed a proposed rate increase with the Commissioner;
(2) a hearing may be requested with respect to the filing; and
(3) an order, hearing, or refusal of a hearing by the Commissioner may be appealed under Subtitle 5 of this title.
[An. Code 1957, art. 48A, § 244X; 1997, ch. 35, § 2.]