Home Table of Contents

§ 27-505. Orders and findings of Commissioner

West's Annotated Code of MarylandInsuranceEffective: October 1, 2011

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 27. Unfair Trade Practices and Other Prohibited Practices (Refs & Annos)
Subtitle 5. Discrimination (Refs & Annos)
Effective: October 1, 2011
MD Code, Insurance, § 27-505
§ 27-505. Orders and findings of Commissioner
Orders and findings of Commissioner
(a)(1) If the Commissioner finds that an insurer has violated § 27-501, § 27-503, § 27-504, or § 27-504.1 of this subtitle, the Commissioner, in addition to any other power granted by this article, may order the insurer to accept the risk, or accept the business, as appropriate.
(2)(i) With respect to medical professional liability insurance, the Commissioner shall issue a finding within 90 days after receiving a request to review the cancellation or refusal to renew a policy under § 27-501(f) of this subtitle.
(ii) A medical professional liability insurer may terminate the policy if:
1. the Commissioner fails to issue a finding within 90 days after receiving a request to review the cancellation or refusal to renew; or
2. the Commissioner finds that the policy may be canceled or not renewed and issued the finding within 90 days after receiving a request to review the cancellation or refusal to renew.
(iii) If a medical professional liability insurer terminates the policy under subparagraph (ii)1 of this paragraph and the Commissioner subsequently issues a finding that the insurer may not cancel or refuse to renew the policy:
1. the insurer immediately shall reinstate the policy; and
2. the reinstatement shall be retroactive to the date that the policy was terminated.
Appeals
(b) A party to a hearing or proceeding under this subtitle may appeal from the hearing, proceeding, or a decision of the Commissioner in accordance with § 2-215 of this article.

Credits

Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997. Amended by Acts 2004, 1st Sp. Sess., c. 5, § 1, eff. Jan. 11, 2005; Acts 2011, c. 445, § 1, eff. Oct. 1, 2011; Acts 2011, c. 446, § 1, eff. Oct. 1, 2011.
Formerly Art. 48A, §§ 234AA, 234C.
MD Code, Insurance, § 27-505, MD INSURANCE § 27-505
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document