§ 3-306.2. Procurement of certain disability insurance through surplus lines insurance
West's Annotated Code of MarylandInsuranceEffective: June 1, 2017
Effective: June 1, 2017
MD Code, Insurance, § 3-306.2
§ 3-306.2. Procurement of certain disability insurance through surplus lines insurance
(a) Subject to subsections (b) through (e) of this section, disability insurance and short-term medical insurance under § 3-302(c) of this subtitle may be procured from a nonadmitted insurer if the coverage procured is in excess of coverage available from, or is not available from, an admitted insurer that writes that particular kind and class of insurance in the State.
(b) Procurement of disability insurance under this section from a nonadmitted insurer is subject to:
(c) Procurement of short-term medical insurance under this section from a nonadmitted insurer is subject to:
(v) displaying prominently in the contract and in any application materials provided in connection with enrollment in the coverage in at least 14 point type the following: “This is not qualifying health coverage (“minimum essential coverage”) that satisfies the health coverage requirements of the Affordable Care Act. If you don't have minimum essential coverage, you may owe an additional payment with your taxes.”;
(d) Short-term medical insurance may not be procured from a nonadmitted insurer unless:
(e) A short-term medical insurance policy procured from a nonadmitted insurer may not include:
(f) The Commissioner shall develop and make available on the Administration's Web site a consumer guide on short-term medical insurance that includes information on:
Credits
Added by Acts 2015, c. 96, § 1, eff. Oct. 1, 2015. Amended by Acts 2016, c. 207, § 1, eff. Oct. 1, 2016; Acts 2016, c. 208, § 1, eff. Oct. 1, 2016; Acts 2017, c. 720, § 1, eff. June 1, 2017.
MD Code, Insurance, § 3-306.2, MD INSURANCE § 3-306.2
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 |