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31.08.05.00.htm 31.08.05.00. Title 31 MARYLAND INSURANCE ADMINISTRATION Subtitle 08 PROPERTY AND CASUALTY INSURANCE Chapter 05 Addition, Reduction, or Elimination in Coverage Notice Requirement Authority: Insurance Article, §2-109, 4-113, and 27-216, and Title 11, Subtitle 2, Annotated Code of Maryland
31.08.05.01.htm 31.08.05.01. 01 Purpose.. Often when a property and casualty policy is renewed, coverage is reduced or eliminated or deductibles are increased. There may also be automatic increases in policy limits pursuant to construction or inflation indices. The purpose of this chapter is to require all property and casualty insurers who intend to reduce or eliminate coverage, change a deductible or increase policy limits to clearly notify the policyholder of the action that has been taken.
31.08.05.02.htm 31.08.05.02. 02 Notice Requirement.. A. This regulation does not apply to:. 1) A change in coverage that is made at the request of the insured;. 2) A change in coverage to a commercial risk that uses the services of a risk manager, broker, or insurance adviser;3) A reduction in coverage for a policy of private passenger motor vehicle liability insurance that is subject to Insurance Article, §27-613, Annotated Code of Maryland; or4) The recalculation of a premium by an insurer du
31.08.05.9999.htm 31.08.05.9999. Administrative History Effective date: July 30, 1981 (8:12 Md. R. 1060) ―. Chapter recodified from COMAR 09.30.32 to COMAR 31.08.05, July 1998. Regulation .02A amended effective January 26, 2009 (36:2 Md. R. 102) ―. Regulation .02 repealed and new Regulation .02 adopted effective November 11, 2013 (40:22 Md. R. 1878)Regulation .03 repealed effective November 11, 2013 (40:22 Md. R. 1878).
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