# COMAR Title 31 — Maryland Insurance Administration

## Subtitle 04 — Insurers

### Chapter 03 — Home and Executive Offices

**Authority:** Insurance Article, §§2-109, 2-112, 4-113(a)(7)—(9), and 4-115, Annotated Code of Maryland

**Administrative History:** Effective date: March 16, 1992 (19:5 Md. R. 576)

**Administrative History:** Regulation .03 amended effective December 18, 1995 (22:25 Md. R. 1961)

**Administrative History:** Chapter recodified from COMAR 09.30.62 to COMAR 31.04.03 effective September 7, 1998 (25:18 Md. R. 1439)

#### Regulation .01 Authority and Purpose.

*COMAR 31.04.03.01*

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.

*COMAR 31.04.03.02*

This chapter is applicable to all domestic insurers.

#### Regulation .03 Home and Executive Offices.

*COMAR 31.04.03.03*

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.