Md. Code Regs. 31.05.07.02

Current through Register Vol. 51, No. 24, December 2, 2024

Section 31.05.07.02 - Scope

A. This chapter applies to:

(1) Each domestic life and accident and health insurer, including nonprofit health service plans;

(2) Any other licensed life and accident and health insurer, including a nonprofit health services plan, that is not subject to a substantially similar regulation in its domiciliary state; and

(3) Each licensed property and casualty insurer with respect to its accident and health business.

B. This chapter does not apply to:

(1) Assumption reinsurance;

(2) Yearly renewable term reinsurance; or

(3) Certain nonproportional reinsurance, such as stop loss or catastrophe reinsurance.

Md. Code Regs. 31.05.07.02

Regulations .02 adopted as an emergency provision effective December 19, 1997 (25:2 Md. R. 73); adopted permanently effective May 4, 1998 (25:9 Md. R. 678)