.05 Notices of Insurance, Cancellation, Reinstatement, and Election of Coverage.

A. Definitions. In this regulation, the following terms have the meanings indicated:

(1) "Commission designee" means the National Council on Compensation Insurance or any other entity that the Commission, from time to time, may designate as its representative to receive notices required by this regulation.

(2) "Insurance policy" means a policy or binder for workers' compensation insurance under Labor and Employment Article, Title 9, Annotated Code of Maryland.

(3) "Insurer" means a stock corporation, mutual association, or the Injured Workers' Insurance Fund.

B. Notice of Insurance. When an insurance policy is issued or renewed, the insurer issuing or renewing it shall file a Notice of Insurance with the Commission designee within 30 days after the effective date of the policy.

C. Notice of Cancellation.

(1) Required Filing. When an insurance policy is cancelled by the insurer or by the insured, the insurer shall file a Notice of Cancellation with the Commission designee.

(2) Time for Filing.

(a) Cancellation by Insurer.

(i) If the insurer cancels the insurance policy for nonpayment of premium, the Notice of Cancellation shall be filed at least 10 days before the effective date of the cancellation, in compliance with Insurance Article, §19-406(f), Annotated Code of Maryland.

(ii) If the insurer cancels the insurance policy for any other reason, the Notice of Cancellation shall be filed at least 30 days before the effective date of the cancellation, in compliance with Insurance Article, §19-406(a), Annotated Code of Maryland.

(iii) If the Commission designee receives the Notice of Cancellation less than the required number of days before the effective date of cancellation set forth in the notice, the Commission shall amend the notice to provide a new cancellation effective date by adding 10 days or 30 days, as applicable, to the date of receipt.

(b) Cancellation by Insured. When the cancellation is initiated by the insured, the Notice of Cancellation shall be filed by the insurer within 15 days after the effective date of the cancellation.

D. Notice of Reinstatement—Time of Filing. When an insurance policy is reinstated, the insurer shall file a Notice of Reinstatement with the Commission designee within 15 days after the effective date of the reinstatement.

E. Notice of Insurance, Cancellation, and Reinstatement—Form and Content. A notice of insurance, cancellation, or reinstatement shall contain all the following information:

(1) The employer's name;

(2) All names under which the employer trades;

(3) All nontemporary business addresses of the employer in Maryland;

(4) The employer's federal identification number or, if the employer is not required to have a federal identification number, the employer's social security number;

(5) The insurance policy number; and

(6) The policy period.

F. Notice of Election of Inclusion or Exemption of Coverage. Officers of closed corporations and officers of farm corporations or professional service corporations who are authorized by Labor and Employment Article, §9-206(b), Annotated Code of Maryland, to elect to be exempted from coverage as employees, and sole proprietors and partners who are authorized by Labor and Employment Article, §9-219(b) or 9-227(b), Annotated Code of Maryland, to elect to be covered as employees, shall file a Notice of Election with the Commission and with the insurer. A new election is required and notice pursuant to this section shall be filed whenever the employer changes insurers.