Section 27-901 – Credit Life or Disability Insurance Premiums
(a) (1) In this section the following words have the meanings indicated. (2) “Credit life or disability insurance” means a type of insurance that will pay all or part of an individual’s debt on the death or disability of the individual. (3) “Finance charge” has the meaning stated in § 12-501 of the Commercial Law Article. (4) “Retail credit account” […]
Section 27-612 – Liability of Insurer for Coverage
(a) (1) If an insurer fails to comply with any provision of § 27-602, § 27-603, § 27-604, § 27-605, § 27-606, § 27-607, § 27-608, § 27-610, or § 27-613 of this subtitle, the insurer is liable to the applicant for the coverage that was requested, or that would have become effective except for the failure […]
Section 27-902 – Motor Vehicle Insurance — Effect of Age or Physical Handicap or Disability
(a) A policy or contract of motor vehicle insurance may not be canceled or nonrenewed solely because of: (1) the age of the holder of the policy or contract; or (2) the physical handicap or disability of the holder of the policy or contract. (b) The premium for a policy or contract of motor vehicle insurance may not be […]
Section 27-613 – Motor Vehicle Liability Insurance Policies
(a) (1) This section applies only to private passenger motor vehicle liability insurance. (2) This section does not apply to the Maryland Automobile Insurance Fund. (3) This section does not apply to the cancellation of a policy or binder of private passenger motor vehicle liability insurance by an insurer during the 45–day underwriting period in accordance with § 12–106 […]
Section 27-903 – Premium Notice to Indicate Kind of Coverage
An insurer that submits to its policyholder a notice of initial or renewal premium due shall indicate the kind of insurance coverage for which the policyholder is being charged.
Section 27-614 – Private Passenger Motor Vehicle Liability Insurance Policies — Premium Increase
(a) In this section, “increase in premium” and “premium increase” include an increase in total premium for a policy due to: (1) a surcharge; (2) retiering or other reclassification of an insured; or (3) removal or reduction of a discount. (b) (1) This section applies only to private passenger motor vehicle liability insurance. (2) This section does not apply to the Maryland […]
Section 27-904 – Annuity Contracts — Increased Social Security Payments
An annuity contract may not contain a provision that reduces payments to an individual entitled to receive annuity payments under the contract because the individual receives an increase in Social Security payments.
Section 27-701 – “Resident” Defined
In this subtitle, “resident” includes a domestic, alien, or foreign person, partnership, or corporation.
Section 27-702 – Purpose of Subtitle; Additional Power; Liberal Construction
(a) (1) The General Assembly declares that it is in the interest of citizens of the State who buy insurance from unauthorized insurers that solicit business in the State by placing in or sending into the State false advertising designed to induce residents of the State to buy insurance from them, that those unauthorized insurers be subject […]
Section 27-602 – Cancellation or Nonrenewal of Policies — Required Notices
(a) (1) This section applies only to policies of: (i) personal insurance; and (ii) homeowner’s insurance under which a onetime guaranteed fully refundable deposit is required for a stated amount of coverage. (2) This section does not apply to policies in effect for 45 days or less, as provided in § 12–106 of this article. (b) (1) Whenever an insurer, as required […]