<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".06" citation="COMAR 31.04.20.06" title_num="31" subtitle_num="04" chapter_num="20" heading="Market Conduct Examination.">
  <paragraph num="A.">
    <text>The Commissioner shall conduct a market conduct examination in accordance with this regulation.</text>
  </paragraph>
  <paragraph num="B.">
    <text>The Commissioner shall notify the person subject to the market conduct examination, in writing, that a market conduct examination has commenced.</text>
  </paragraph>
  <paragraph num="C.">
    <text>The Commissioner's notification that a market conduct examination has commenced shall:</text>
    <paragraph num="(1)">
      <text>Specify the lines of insurance, scope, intent, and period covered by the market conduct examination;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Provide the name and contact information of the Commissioner; and</text>
    </paragraph>
    <paragraph num="(3)">
      <text>Provide any other information the Commissioner considers relevant.</text>
    </paragraph>
  </paragraph>
  <paragraph num="D.">
    <text>The person notified under §B of this regulation shall give written notice to the Commissioner of the individual who:</text>
    <paragraph num="(1)">
      <text>Has the authority and responsibility to respond to the Commissioner's request for accounts, records, documents, files, or other information needed in order to complete the market conduct examination; and</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Will coordinate on behalf of the person the market conduct examination with the Commissioner.</text>
    </paragraph>
  </paragraph>
  <paragraph num="E.">
    <text>Following the notice provided under §§B and C of this regulation, the Commissioner shall conduct a conference with the person in a manner determined by the Commissioner to review:</text>
    <paragraph num="(1)">
      <text>The information the person must provide for the market conduct examination;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>The administrative aspects of the market conduct examination, including but not limited to, market conduct examination expenses to be paid by the person examined; and</text>
    </paragraph>
    <paragraph num="(3)">
      <text>Any other information the Commissioner considers relevant.</text>
    </paragraph>
  </paragraph>
  <paragraph num="F.">
    <text>After the completion of the conference required in §E of this regulation, the Commissioner:</text>
    <paragraph num="(1)">
      <text>May provide a written summary of the conference to the person; and</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Shall provide written notification of the information the person must provide for the market conduct examination in accordance with Regulation .05 of this chapter.</text>
    </paragraph>
  </paragraph>
  <paragraph num="G.">
    <text>The Commissioner shall notify the person subject to a market conduct examination of the date after which the Commissioner may not accept additional information unless an extension has been granted by the Commissioner in accordance with Regulation .05G and H of this chapter.</text>
  </paragraph>
  <paragraph num="H.">
    <text>The Commissioner shall conduct an exit conference with the person subject to the market conduct examination in a manner determined by the Commissioner</text>
  </paragraph>
  <paragraph num="I.">
    <text>At the discretion of the Commissioner, a report certified by the insurance supervisory official of another state may be accepted in lieu of conducting a market conduct examination.</text>
  </paragraph>
</regulation>