§ 27-605. Statement of actual reason for cancellation or refusal to renew policy; commercial in...
West's Annotated Code of MarylandInsuranceEffective: April 13, 2010
Effective: April 13, 2010
MD Code, Insurance, § 27-605
§ 27-605. Statement of actual reason for cancellation or refusal to renew policy; commercial insurance
(b)(1) Whenever an insurer cancels or refuses to renew a policy subject to this section for a reason other than nonpayment of premium, the insurer must provide to the named insured a written statement of the actual reason for the cancellation or refusal to renew.
(c) The Commissioner may not disallow a proposed action of an insurer because the statement of actual reason contains:
(d) Information concerning the actual reason is privileged and does not constitute grounds for an action against the insurer, the insurer's representatives, an insurance producer, or any other person that in good faith provides information on which the statement is based.
Credits
Added by Acts 2006, c. 580, § 2, eff. Jan. 1, 2007. Amended by Acts 2010, c. 72, § 1, eff. April 13, 2010.
MD Code, Insurance, § 27-605, MD INSURANCE § 27-605
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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