§ 8-610.1. Duty of insurer to respond to request for verification of coverage
West's Annotated Code of MarylandInsurance
MD Code, Insurance, § 8-610.1
§ 8-610.1. Duty of insurer to respond to request for verification of coverage
(a) An insurer shall respond to a request for verification of coverage submitted by a viatical settlement provider or a viatical settlement broker under this subtitle, including verification of whether the insurer intends, at the time of the request, to pursue an investigation regarding possible fraud affecting the validity of a policy, within 30 days after the request is received, if the following documents are submitted with the request:
(b) An insurer may not charge a fee for responding to a request for verification of coverage submitted by a viatical settlement provider or a viatical settlement broker that exceeds $50.
(c)(1) An insurer may send an acknowledgment of receipt of a request for verification of coverage to the viator and, if the viator is other than the insured, to the insured.
Credits
Added by Acts 2006, c. 146, § 1, eff. July 1, 2006.
MD Code, Insurance, § 8-610.1, MD INSURANCE § 8-610.1
Current with all legislation from the 2023 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document |