(a) In this subtitle the following words have the meanings indicated.
(b) "Assessment" means an assessment that, subject to § 2-505(c)(3)
of this subtitle, equals 60% of the Administration's approved annual
budget appropriation under this article.
(c) "Fund" means the Insurance Regulation Fund established under §
2-505 of this subtitle.
(d) (1) "Health insurer" means an insurer that holds a certificate of
authority issued by the Commissioner to engage in the business of
health insurance.
(2) "Health insurer" includes:
(i) a health maintenance organization operating under a certificate of
authority issued by the Commissioner under Title 19, Subtitle 7 of the
Health - General Article;
(ii) a nonprofit health service plan operating under Title 14, Subtitle 1 of
this article; and
(iii) a dental plan operating under Title 14, Subtitle 4 of this article.
(e) "Health insurer assessment portion" means 40% of the assessment.
(f) (1) "Insurer" means an insurer or other entity authorized to engage in
the insurance business in the State under a certificate of authority
issued by the Commissioner.
(2) "Insurer" includes:
(i) a health maintenance organization operating under a certificate of
authority issued by the Commissioner under Title 19, Subtitle 7 of the
Health - General Article;
(ii) a nonprofit health service plan operating under Title 14, Subtitle 1 of
this article;
(iii) a dental plan operating under Title 14, Subtitle 4 of this article; and
(iv) the Maryland Automobile Insurance Fund.
(g) "Life insurer" means an insurer that holds a certificate of
authority issued by the Commissioner to engage in the business of life
insurance.
(h) "Life insurer assessment portion" means 26% of the assessment.
(i) "Multiple type insurer" means an insurer that engages in more than
one of the following types of insurance:
(1) life;
(2) health; or
(3) property and casualty.
(j) (1) "Premium" has the meaning stated in § 1-101 of this article to
the extent it is allocable to this State.
(2) "Premium" includes any amounts paid to a health maintenance
organization as compensation on a predetermined basis for providing
services to members and subscribers as specified in Title 19, Subtitle
7 of the Health - General Article to the extent it is allocable to
this State.
(k) (1) "Property and casualty insurer" means an insurer that holds a
certificate of authority issued by the Commissioner to engage in the
business of property and casualty insurance.
(2) "Property and casualty insurer" includes the Maryland Automobile
Insurance Fund.
(l) "Property and casualty insurer assessment portion" means 34% of
the assessment.
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