§ 18–115

Statutes in effect as of October 1, 2026.

Md. Code Ann., Ins. § 18-115 (2026)

Title 18. Long-Term Care Insurance

Subtitle 1

In evaluating the expected and actual loss ratios, the Commissioner shall consider:

(1)

the statistical credibility of incurred claims experience and earned premiums;

(2)

the period for which rates are computed to provide coverage;

(3)

experienced and projected trends;

(4)

the concentration of experience within early policy duration;

(5)

expected claim fluctuation;

(6)

experienced refunds, adjustments, or dividends;

(7)

renewability features;

(8)

all appropriate expense factors;

(9)

interest;

(10)

the experimental nature of the coverage;

(11)

policy reserves;

(12)

the mix of business by risk classification; and

(13)

product features, including long elimination periods, high deductibles, and high maximum limits.