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Our lawyers are thinkers as well as doers—and have published numerous informative and insightful articles on topics related to their respective practices and our clients’ industries. Read what our people have to say about what’s important to you.

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Recent Articles

Licensed Insurance Companies Exempt from Maryland Income Tax

Are insurers licensed to do business in Maryland subject to state income tax on profits derived from sources other than insurance policy premiums? Maryland Tax Court ruled that an insurer was not subject to Maryland income tax, regardless of the source of its profits in National Indemnity Company v. Comptroller of the Treasury, Dkt. No. 14-IN-OO-0433 (Md. Tax Ct. April 24, 2015). 

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Condominiums May Not Opt Out Of Maryland's Mandatory Insurance Provisions

Under Section 11-114 of the Maryland Condominium Act, Condominium Associations must maintain property insurance on the entire condominium including units, excepting improvements and betterments installed by the Unit Owner. Condominiums may not opt out of Maryland's Mandatory Insurance Coverage provisions, and any changes in statue requirements must be amended by the Legislature, arguments published in a recent court opinion following a declaratory judgment action in Elasik, et al. v. Queen's Landing Council of Unit Owners, Inc.

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MIA Says Price Optimization Violates Statute; Opportunity for Regulatory Challenge Arrives in 2015

The Maryland Insurance Administration is the first regulatory agency in the country to come out with a clear position on price optimization, issuing Bulletin 14-23 that states that the practice violates § 27-212(e)(1) of the Insurance Article. It calls for any insurer using price optimization to file a corrective action plan by January 1, 2015 and concludes by stating that, “Failure to submit a corrective action plan and to re-file rates/rules that are compliant with Maryland law may result in administrative action.” 

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FIO Report Sets the Stage for an Active Year in Insurance Regulation

The December 12, 2013 Federal Insurance Office (FIO) report titled, "How to Modernize and Improve the System of Insurance Regulation in the United States,” with its proposed increased federal role in insurance regulation has been met with strong opposition from state regulators. Issues raised with direct federal involvement in regulation include greater engagement in supervisory colleges to monitor financial stability of insurers and reinsurance collateral requirements, among others.

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Past Articles

Texas Federal Judge Enjoins U.S Department of Labor from Implementing and Enforcing its Final Rule R

U.S. District Judge Mazzant from the Eastern District of Texas issued a nationwide preliminary injunction…

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Family Businesses Beware: IRS Shifts Bullseye with Newly Proposed Tax Regulations

With the recent issuance of proposed regulations under Section 2704 of the Internal Revenue Code,…

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Maryland’s Medical Marijuana Tenants Pose Substantial Risks for Landlords

Although medical marijuana growing, processing, possession and distribution are now legal under Maryland…

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The New Overtime Regulations: What Employers Need to Know

For the first time since 2004, and only the seventh time since the Fair Labor Standards Act was enacted,…

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The Challenge of Banning the Box

Labor and employment attorney Paul M. Finamore, Esq. discusses the impact of "ban the box" legislation…

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