<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".24" citation="COMAR 31.13.03.24" title_num="31" subtitle_num="13" chapter_num="03" heading="Change of Insurers Reporting Requirements Coverage and Rates.">
  <paragraph num="A.">
    <text>Insurers That Cease to Offer Credit Involuntary Unemployment Benefit Insurance. Within 90 days after an insurer ceases to offer credit involuntary unemployment benefit insurance through a case, the insurer shall notify the Commissioner of:</text>
    <paragraph num="(1)">
      <text>The name or code number of the creditor;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Each coverage no longer offered;</text>
    </paragraph>
    <paragraph num="(3)">
      <text>The date on which the coverage ceased to be offered; and</text>
    </paragraph>
    <paragraph num="(4)">
      <text>The current approved premium rate applicable to each coverage no longer offered.</text>
    </paragraph>
  </paragraph>
  <paragraph num="B.">
    <text>Insurers That Begin to Offer Credit Insurance.</text>
    <paragraph num="(1)">
      <text>At the end of a calendar year in which an insurer has begun to offer credit involuntary unemployment benefit insurance for which premium rates have not yet been established by the case method but for which a prior insurer submitted notification of a new case required by Regulation .06B(2) and (3) of this chapter, the insurer shall:</text>
      <paragraph num="(a)">
        <text>File the report for the case required by Regulation .06B(1) of this chapter; and</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Submit the insurer's experience and the experience of the prior insurer for the experience period even if the account did not qualify as a case for the most recent policy year.</text>
      </paragraph>
    </paragraph>
    <paragraph num="(2)">
      <text>An insurer that is required to submit its experience and the experience of a prior insurer under §B(1) of this regulation shall submit the experience of each insurer:</text>
      <paragraph num="(a)">
        <text>Separately by year; and</text>
      </paragraph>
      <paragraph num="(b)">
        <text>As a total for a 2-year period.</text>
      </paragraph>
    </paragraph>
    <paragraph num="(3)">
      <text>The Commissioner shall notify an insurer if a report for a case is required to be filed under §B(2) of this regulation.</text>
    </paragraph>
    <paragraph num="(4)">
      <text>If an insurer begins to offer credit insurance through a case during an experience period for which premium rates were established for a prior insurer by the case method, the insurer shall certify to the Commissioner that the insurer will not charge premium rates that exceed the rates permitted under Regulation .08E of this chapter.</text>
    </paragraph>
    <paragraph num="(5)">
      <text>If an insurer begins to offer credit insurance for a case after the end of a previously established experience period but before the effective date of new premium rates approved by the Commissioner based on that experience period, the:</text>
      <paragraph num="(a)">
        <text>Commissioner shall, when new premium rates are established, send written notice of the new premium rates to the insurer, stating an effective date that provides the insurer at least 30 days notice; and</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Insurer shall:</text>
        <paragraph num="(i)">
          <text>Beginning not later than the effective date established by the Commissioner, use premium rates not greater than the new premium rates approved by the Commissioner; and</text>
        </paragraph>
        <paragraph num="(ii)">
          <text>At the end of the experience period stated by the Commissioner, file the report for the case required by Regulation .06B(1) of this chapter, submitting the experience of the former insurer and the insurer's own experience for the term of the experience period in order to determine subsequent rates for the account.</text>
        </paragraph>
      </paragraph>
    </paragraph>
    <paragraph num="(6)">
      <text>An insurer required to submit its experience and the experience of a former insurer under §B(5)(b)(ii) of this regulation shall submit the experience of each insurer:</text>
      <paragraph num="(a)">
        <text>Separately by year; and</text>
      </paragraph>
      <paragraph num="(b)">
        <text>As a total for a 2-year period.</text>
      </paragraph>
    </paragraph>
    <paragraph num="(7)">
      <text>On the request of a succeeding insurer, a prior insurer promptly shall provide the succeeding insurer with any experience information of the prior insurer that the succeeding insurer needs to meet the requirements of this section.</text>
    </paragraph>
  </paragraph>
</regulation>