<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".02" citation="COMAR 31.08.12.02" title_num="31" subtitle_num="08" chapter_num="12" heading="Filing a Temporary Moratorium Protocol.">
  <paragraph num="A.">
    <text>An insurer that intends to activate a temporary moratorium in response to an event or emergency listed in Regulation .03C of this chapter shall file its moratorium protocol with the Administration.</text>
  </paragraph>
  <paragraph num="B.">
    <text>The moratorium protocol shall:</text>
    <paragraph num="(1)">
      <text>Be filed with the Commissioner as an underwriting standard or as a rating rule prior to its use;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Be filed for all lines of insurance business to which the underwriting standard or rating rule applies;</text>
    </paragraph>
    <paragraph num="(3)">
      <text>Identify the events or emergencies listed in Regulation .03C of this chapter that will trigger the activation of the temporary moratorium; and</text>
    </paragraph>
    <paragraph num="(4)">
      <text>Identify the events that will result in the deactivation of the temporary moratorium.</text>
    </paragraph>
  </paragraph>
  <paragraph num="C.">
    <text>If a moratorium protocol under §B of this regulation is not filed with the Administration, a temporary moratorium as described in §A of this regulation is not valid and may subject the insurer to appropriate administrative action.</text>
  </paragraph>
</regulation>