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§ 12-107. Simplified policies of insurance

West's Annotated Code of MarylandInsurance

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 12. Policy Forms and Provisions
Subtitle 1. General Provisions (Refs & Annos)
MD Code, Insurance, § 12-107
§ 12-107. Simplified policies of insurance
Currentness
In general
(a) Notwithstanding any provision of this article or other law that specifies the content of policies, the Commissioner may approve and insurers may issue simplified policies of insurance that provide broad coverage of all or various combinations of risks.
Regulations relating to simplified policies
(b) The Commissioner shall adopt regulations that:
(1) specify the standards that must be met by insurers for issuing simplified policies; and
(2) ensure protections to policyholders and claimants that are not less favorable than protections to which they would be entitled under a substantially similar policy that is not subject to this section.

Credits

Added by Acts 1997, c. 57, § 1, eff. Oct. 1, 1997.
MD Code, Insurance, § 12-107, MD INSURANCE § 12-107
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