Home Table of Contents

§ 27-601.1. Renewal of insurance policies

West's Annotated Code of MarylandInsuranceEffective: October 1, 2009

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 27. Unfair Trade Practices and Other Prohibited Practices (Refs & Annos)
Subtitle 6. Cancellations, Nonrenewals, Premium Increases, and Reductions in Coverage (Refs & Annos)
Effective: October 1, 2009
MD Code, Insurance, § 27-601.1
§ 27-601.1. Renewal of insurance policies
Currentness
Replacement of expiring policy
(a) For purposes of this subtitle, with respect to policies of personal insurance, private passenger motor vehicle liability insurance, commercial insurance, and workers' compensation insurance, the issuance by an insurer of a new policy to replace an expiring policy issued by that insurer is a renewal.
Issuance of new policy to replace expiring policy issued by another insurer
(b) For purposes of this subtitle, with respect to policies of personal insurance, private passenger motor vehicle liability insurance, commercial insurance, and workers' compensation insurance, the issuance by an insurer of a new policy to replace an expiring policy issued by another admitted insurer within the same insurance holding company system, as defined in § 7-101 of this article, is a renewal if:
(1) the policyholder's premium does not increase; and
(2) the policyholder does not experience a reduction in coverage.

Credits

Added by Acts 2008, c. 117, § 1, eff. Oct. 1, 2008. Amended by Acts 2009, c. 98, § 1, eff. Oct. 1, 2009; Acts 2009, c. 99, § 1, eff. Oct. 1, 2009.
MD Code, Insurance, § 27-601.1, MD INSURANCE § 27-601.1
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.
End of Document