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§ 19-114. Medical professional liability insurance policies

West's Annotated Code of MarylandInsuranceEffective: October 1, 2019

West's Annotated Code of Maryland
Insurance (Refs & Annos)
Title 19. Property and Casualty Insurance
Subtitle 1. General Provisions (Refs & Annos)
Effective: October 1, 2019
MD Code, Insurance, § 19-114
§ 19-114. Medical professional liability insurance policies
Currentness
In general
(a) Each insurer that issues or delivers a medical professional liability insurance policy in the State with an annual premium of $5,000 or more shall offer at a minimum, in addition to the basic policy, additional policies with deductibles in the following amounts:
(1) $25,000;
(2) $50,000; and
(3) $100,000.
Policies with deductibles
(b) In a policy with a deductible described in subsection (a) of this section, the insurer shall apply the deductible only to the liability of the insured under the policy.
Cancellation of policy for nonpayment of deductible
(c)(1) An insurer that issues or delivers a medical professional liability insurance policy with a deductible described in subsection (a) of this section may cancel the policy for nonpayment of the deductible when the deductible is due and payable under the policy.
(2) A medical professional liability insurer that cancels a policy under paragraph (1) of this subsection is subject to the notice provisions under § 27-603 of this article.

Credits

Added by Acts 2004, 1st Sp. Sess., c. 5, § 1, eff. Jan. 11, 2005. Amended by Acts 2006, c. 44, § 5, eff. April 8, 2006; Acts 2018, c. 666, § 1, eff. Oct. 1, 2018; Acts 2019, c. 113, § 1, eff. Oct. 1, 2019.
MD Code, Insurance, § 19-114, MD INSURANCE § 19-114
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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