§ 19-517.1. Determination of viability, affordability, and adequacy of market of admitted carri...
West's Annotated Code of MarylandInsuranceEffective: April 8, 2016
Effective: April 8, 2016
MD Code, Insurance, § 19-517.1
§ 19-517.1. Determination of viability, affordability, and adequacy of market of admitted carriers
(a) Beginning July 1, 2017, and annually thereafter through July 1, 2021, the Commissioner shall make a determination whether, with regard to the required coverages under § 10-405(a) of the Public Utilities Article, there is a viable, affordable, and adequate market of authorized insurers in the State, including the Maryland Automobile Insurance Fund, available to provide the required coverages to the transportation network services industry.
(b) To the extent that the Commissioner makes an affirmative finding of availability, and in accordance with the provisions of Title 3, Subtitle 3 of this article, it is the intent of the General Assembly that required coverages be obtained from authorized insurers and the Maryland Automobile Insurance Fund.
Credits
Added by Acts 2015, c. 204, § 1, eff. July 1, 2015. Amended by Acts 2016, c. 16, § 1, eff. April 7, 2016; Acts 2016, c. 28, § 1, eff. April 8, 2016.
MD Code, Insurance, § 19-517.1, MD INSURANCE § 19-517.1
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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