§ 19-207. Statement of additional optional coverages
West's Annotated Code of MarylandInsuranceEffective: October 1, 2017
Effective: October 1, 2017
MD Code, Insurance, § 19-207
§ 19-207. Statement of additional optional coverages
(a)(1) An insurer that sells or negotiates homeowner's insurance in the State shall provide an applicant, at the time of application for homeowner's insurance, with a written statement that lists all additional optional coverage available from the insurer to the applicant.
(b) The statement shall:
“Your standard homeowner's insurance policy does not cover all risks. You may need to obtain additional insurance to cover loss or damage to your home, property, and the contents of your home or to cover risks related to business or personal activities on your property.
This statement provides a list of the types of additional insurance coverage that are available. Contact your insurance company, insurance producer, or insurance agent to discuss these additional coverages.”; and
(c) A statement required to be sent by a first-class mail tracking method under this section may be sent with the notice required under § 19-206 of this subtitle.
(d) A statement provided under this section does not create a private right of action.
Credits
Added by Acts 2006, c. 388, § 2, eff. Jan. 1, 2007. Amended by Acts 2007, c. 576, § 1, eff. Oct. 1, 2007; Acts 2014, c. 364, § 1, eff. Oct. 1, 2014; Acts 2017, c. 123, § 1, eff. Oct. 1, 2017; Acts 2017, c. 124, § 1, eff. Oct. 1, 2017.
MD Code, Insurance, § 19-207, MD INSURANCE § 19-207
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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