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§ 11-214. Statement of rate classifications

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 11. Insurance Rating Law
Subtitle 2. Prior Approval Rate Making (Refs & Annos)
Part III. Rate Making--Automobile Insurance
MD Code, Insurance, § 11-214
§ 11-214. Statement of rate classifications
Currentness
In general
(a) Each insurer that provides a private passenger automobile insurance policy shall provide to the policyholder at the time of issuance or renewal of the policy a statement that:
(1) defines the policyholder's rate classifications; and
(2) if the insurer is an authorized insurer, includes a summary, in a form approved by the Commissioner, of the insurer's approved surcharge plan or driver record point plan for that policy.
Sufficiency of statement
(b) The statement must be sufficiently clear and specific so that an individual of average intelligence can identify the classifications without making further inquiry.

Credits

Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997.
Formerly Art. 48A, § 242.
MD Code, Insurance, § 11-214, MD INSURANCE § 11-214
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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