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31.16.01.00.htm 31.16.01.00. Title 31 MARYLAND INSURANCE ADMINISTRATION Subtitle 16 MISCELLANEOUS Chapter 01 Disclosure to Policyholders of the Possible Effects of Assessable Insurance Policies Authority: Insurance Article, §2-109, 3-111, and 3-113 Annotated Code of Maryland
31.16.01.01.htm 31.16.01.01. 01 Disclosure Requirements.. In order to inform and better protect the public, the following regulation is adopted:. A. Every agent writing insurance business, or broker placing this business, with a mutual insurance company or reciprocal insurer issuing assessable policies shall clearly explain to the prospective policyholder the assessable nature of the policy and its possible effects in the event of insolvency.B. Every policy, renewal certificate, bill, statem
31.16.01.9999.htm 31.16.01.9999. Administrative History Effective date: March 25, 1966. Amended effective May 1, 1968 ―. Chapter recodified from COMAR 09.30.40 to COMAR 31.16.01, July 1998.
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