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Statutes Text

Article - Insurance




§9–313.

    The rate and premium charged for a policy or surety bond to which this subtitle applies:

        (1)    shall include an amount sufficient to recoup, over a reasonable length of time of not less than 3 years, the amount paid to the Corporation by the member insurer less any amount returned to the member insurer by the Corporation; and

        (2)    may not be considered excessive because the rate and premium contain an amount reasonably calculated to recoup assessments paid by the member insurer.



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