<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".03" citation="COMAR 31.07.01.03" title_num="31" subtitle_num="07" chapter_num="01" heading="Definitions.">
  <paragraph num="A.">
    <text>In this chapter, the following terms have the meanings indicated.</text>
  </paragraph>
  <paragraph num="B.">
    <text>Terms Defined.</text>
    <paragraph num="(1)">
      <text>“Expenses” means that portion of a rate attributable to acquisition, field supervision, collection and general expenses, taxes, licenses, and fees.</text>
    </paragraph>
    <paragraph num="(2)">
      <text>“Prospective loss cost” means that portion of a rate exclusive of profit or expenses, other than loss adjustment expenses, which is based on historical aggregate losses and loss adjustment expenses adjusted through development to their ultimate value and projected through trending to a future point in time.</text>
    </paragraph>
    <paragraph num="(3)">
      <text>“Rate” has the meaning stated in Insurance Article, §11-101, Annotated Code of Maryland.</text>
    </paragraph>
    <paragraph num="(4)">
      <text>“Rating organization” has the meaning stated in Insurance Article, §11-101, Annotated Code of Maryland.</text>
    </paragraph>
    <paragraph num="(5)">
      <text>“Supplementary rate information” has the meaning stated in Insurance Article, §11-101, Annotated Code of Maryland.</text>
    </paragraph>
    <paragraph num="(6)">
      <text>“Supporting information” means:</text>
      <paragraph num="(a)">
        <text>The experience and judgment of the insurer;</text>
      </paragraph>
      <paragraph num="(b)">
        <text>The experience or data of other insurers or rating organizations relied upon by the insurer;</text>
      </paragraph>
      <paragraph num="(c)">
        <text>The interpretation of any statistical data relied upon by the insurer;</text>
      </paragraph>
      <paragraph num="(d)">
        <text>Descriptions of methods used in making the rates; and</text>
      </paragraph>
      <paragraph num="(e)">
        <text>Other similar information required to be filed by the Commissioner.</text>
      </paragraph>
    </paragraph>
  </paragraph>
</regulation>