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31.15.13.00.htm 31.15.13.00. Title 31 MARYLAND INSURANCE ADMINISTRATION Subtitle 15 UNFAIR TRADE PRACTICES Chapter 13 Notice of Premium Increase for Commercial Insurance Authority: Insurance Article, §2-109 and 27-608, Annotated Code of Maryland
31.15.13.01.htm 31.15.13.01. 01 Scope.. A. This chapter applies to:. 1) Commercial insurance as defined in Insurance Article, §27-601(b) Annotated Code of Maryland; and. 2) Workers’ compensation insurance for employers’ liability as set forth in Labor and Employment Article, Title 9, Annotated Code of Maryland.B. This chapter does not apply to policies:. 1) Issued to exempt commercial policyholders, as defined in Insurance Article, §11-206(j) Annotated Code of Maryland;2) For which the renewal premium is:.
31.15.13.02.htm 31.15.13.02. 02 Notice Requirement for Commercial Lines Policies.. A. Exceptions.. 1) The notice required by Insurance Article, §27-608, Annotated Code of Maryland, does not apply to an insurer that intends to increase a premium for a commercial lines policy if the insurer satisfies the Commissioner that it cannot reasonably comply with the notice requirement for any risk, category of risk, or line of business involved.2) An insurer is deemed unable to reasonably comply with the notice require
31.15.13.03.htm 31.15.13.03. 03 Request for Exception.. A. For a situation not expressly exempted by Regulation .02A(2) of this chapter from the notice required by Insurance Article, §27-608, Annotated Code of Maryland, an insurer may apply for an exception to the notice requirement by submitting to the Commissioner at least 60 days before the date the notice is required to be sent:1) A written request for an exception to the notice requirement;. 2) A written explanation of why the insurer cannot
31.15.13.9999.htm 31.15.13.9999. Administrative History Effective date: March 27, 2006 (33:6 Md. R. 580) ―. Chapter revised effective January 1, 2015 (41:21 Md. R. 1261).
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