Chapter 03. Home and Executive Offices
Regulation .01 Authority and Purpose.LinkCopy Citation
This chapter is considered necessary as an aid to the effectuation of the provisions of Insurance Article, §§2-112 and 4-115, Annotated Code of Maryland.
Regulation .02 Applicability.LinkCopy Citation
This chapter is applicable to all domestic insurers.
Regulation .03 Home and Executive Offices.LinkCopy Citation
An insurer's home office or executive office is the location at which significant aspects of the insurer's business operations are performed, and at which the insurer's books and records are prepared and maintained on a day-to-day basis and where a full-scope financial examination shall be made.
Chapter annotations
Authority: Insurance Article, §§2-109, 2-112, 4-113(a)(7)—(9), and 4-115, Annotated Code of Maryland
History: Effective date: March 16, 1992 (19:5 Md. R. 576)
History: Regulation .03 amended effective December 18, 1995 (22:25 Md. R. 1961)
History: Chapter recodified from COMAR 09.30.62 to COMAR 31.04.03 effective September 7, 1998 (25:18 Md. R. 1439)