<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".04" citation="COMAR 31.08.13.04" title_num="31" subtitle_num="08" chapter_num="13" heading="Underwriting Standard.">
  <paragraph num="A.">
    <text>An insurer may not adopt or amend an underwriting standard that requires a hurricane percentage deductible that exceeds 5 percent unless the insurer has filed the underwriting standard or the amendment to the underwriting standard with the Commissioner.</text>
  </paragraph>
  <paragraph num="B.">
    <text>If an insurer withdraws an underwriting standard that requires a percentage deductible that exceeds 5 percent, the insurer shall notify the Commissioner in writing within 10 days of the withdrawal.</text>
  </paragraph>
  <paragraph num="C.">
    <text>An insurer that makes a filing under §A of this regulation shall include the following information in the filing:</text>
    <paragraph num="(1)">
      <text>The insurer’s NAIC number;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>A copy of the underwriting standard the insurer proposes to adopt, the amendment to an underwriting standard currently in use, or notice of withdrawal of an underwriting standard currently in use;</text>
    </paragraph>
    <paragraph num="(3)">
      <text>The date on which the insurer intends to adopt, amend, or withdraw the underwriting standard;</text>
    </paragraph>
    <paragraph num="(4)">
      <text>All of the data on which the insurer relied in developing the proposed underwriting standard, amendment to the underwriting standard, or withdrawal of the underwriting standard;</text>
    </paragraph>
    <paragraph num="(5)">
      <text>A copy of each page in the insurer’s rating manual that relates to the underwriting standard;</text>
    </paragraph>
    <paragraph num="(6)">
      <text>A copy of any underwriting standard with a percentage deductible currently in use by the insurer for homeowner’s insurance, including any SERFF tracking number associated with the underwriting standard, or a statement that the insurer does not currently have an underwriting standard with a percentage deductible for homeowner’s insurance; and</text>
    </paragraph>
    <paragraph num="(7)">
      <text>Any other information the Commissioner considers necessary.</text>
    </paragraph>
  </paragraph>
</regulation>