<?xml version='1.0' encoding='utf-8'?>
<chapter num="03" heading="Home and Executive Offices" title_num="31" subtitle_num="04">
  <regulation prefix="Regulation" num=".01" heading="Authority and Purpose.">
    <text>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.</text>
  </regulation>
  <regulation prefix="Regulation" num=".02" heading="Applicability.">
    <text>This chapter is applicable to all domestic insurers.</text>
  </regulation>
  <regulation prefix="Regulation" num=".03" heading="Home and Executive Offices.">
    <text>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.</text>
  </regulation>
  <annotations>
    <annotation type="Authority">Insurance Article, §§2-109, 2-112, 4-113(a)(7)—(9), and 4-115, Annotated Code of Maryland</annotation>
    <annotation type="History" subtype="Administrative History">Effective date: March 16, 1992 (19:5 Md. R. 576)</annotation>
    <annotation type="History" subtype="Administrative History">Regulation .03 amended effective December 18, 1995 (22:25 Md. R. 1961)</annotation>
    <annotation type="History" subtype="Administrative History">Chapter recodified from COMAR 09.30.62 to COMAR 31.04.03 effective September 7, 1998 (25:18 Md. R. 1439)</annotation>
  </annotations>
</chapter>