Regulation .06 Use of Noncompliant Forms.
Regulation .06 Use of Noncompliant Forms.LinkCopy Citation
A.
If an insurer uses a form which becomes effective under a file and use method and the form is found by the Commissioner to be noncompliant, the Commissioner may:
(1)
Disapprove the form by:
(a)
Giving notice of the disapproval;
(b)
Showing cause for the disapproval; and
(c)
Stating the effective date of the disapproval in the notice; and
(2)
Impose a penalty as provided under Insurance Article, §4-113, Annotated Code of Maryland.
B.
The Commissioner may remove file and use authority from an insurer upon a finding that the insurer has made inappropriate or noncompliant filings under this method with such frequency as to constitute a business practice.