Maryland § 15-109
Full text of Maryland Maryland Code § 15-109, with citation guidance and answers to common questions.
§ 15-109.
(a) (1) In this section the following words have the meanings indicated.
(2) “Loss ratio” means the ratio of losses incurred to premiums earned on policies that are issued, delivered, or renewed in the State.
(3) “Specified disease policy” means a health insurance policy that provides:
(i) benefits only for a disease or diseases specified in the policy or for a treatment unique to a specified disease or diseases; or
(ii) additional benefits for a disease or diseases specified in the policy or for treatment unique to a specified disease or diseases.
(b) This section applies to each individual, group, or blanket health insurance policy or nonprofit health service plan that is issued or delivered in the State.
(c) To administer §§ 12-203, 12-204, and 12-205 of this article, the Commissioner shall establish a minimum loss ratio in accordance with generally accepted actuarial principles with respect to specified disease policies.
Frequently Asked Questions About Maryland § 15-109
What does Maryland Code § 15-109 cover?
Section 15-109 is part of the Maryland Code, the codified statutory law of Maryland. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Maryland § 15-109?
A common citation format is "Maryland Code § 15-109" (Maryland). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Maryland law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Maryland official source linked on this page or consult a licensed Maryland attorney.
How does Maryland § 15-109 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Maryland can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Maryland.