296 Laws of Maryland [Ch. 73
ITY OF SUCH AGENTS AND BROKERS, INCLUDING BUT NOT
LIMITED TO THE AMOUNT OF PREMIUM TO BE COLLECTED,
THE EVIDENCE NECESSARY TO ESTABLISH THE APPLI-
CANT'S QUALIFICATION TO BE INSURED BY THE FUND,
AND PROCEDURES FOR NOTIFYING THE FUND OF THE
BINDING OF COVERAGE.
(3) THE FUND SHALL BECOME LIABLE UNDER THE
COVERAGE BOUND FROM THE DATE OF BINDING BY THE
AGENT OR BROKER; PROVIDED, HOWEVER, THAT THE
FUND, UPON REVIEW OF THE APPLICATION, MAY NOT
LATER THAN SIXTY DAYS AFTER THE COVERAGE IS EF-
FECTIVE, CANCEL THE COVERAGE AND REFUSE TO ISSUE
A POLICY UPON A FINDING THAT (I) THE APPLICANT IS
NOT QUALIFIED FOR INSURANCE BY THE FUND, (II) THE
APPROPRIATE PREMIUM HAS NOT BEEN PAID, OR (III) THE
FUND IS AUTHORIZED TO REJECT THE APPLICATION UN-
DER SECTION 543 243D; PROVIDED, HOWEVER, THAT IF THE
CANCELLATION IS DUE TO NONPAYMENT OF THE APPRO-
PRIATE PREMIUM, THE FUND SHALL AFFORD THE APPLI-
CANT A REASONABLE OPPORTUNITY TO PAY THE PROPER
PREMIUM. THE FUND SHALL PROMPTLY NOTIFY THE AP-
PLICANT, THE AGENT AND THE MOTOR VEHICLE ADMIN-
ISTRATION OF A CANCELLATION, AND THE APPLICANT
SHALL THEREAFTER HAVE THE RIGHT OF APPEAL PRO-
VIDED FOR IN SECTION 543 243D.
(E) IF THE BOARD FINDS THAT ANY BROKER OR
AGENT HAS CONSISTENTLY ENGAGED IN THE PRACTICE
OF BINDING COVERAGE THROUGH THE FUND IN VIOLA-
TION OF THE RULES AND REGULATIONS ADOPTED BY THE
BOARD, AND THAT HE KNEW OR SHOULD HAVE KNOWN
THAT SUCH BINDING WAS IN VIOLATION OF SUCH RULES
AND REGULATIONS, THE BOARD MAY REFUSE TO ACCEPT
FURTHER APPLICATIONS FROM SUCH AGENT OR BROKER,
AND MAY TERMINATE THE RIGHT OF SUCH AGENT TO
BIND COVERAGE.
(F) ANY PRIVATE INSURER DESIRING TO ASSUME IN-
SURANCE COVERAGE OF ANY POLICYHOLDER INSURED BY
THE FUND MAY DO SO, PROVIDED NOTICE OF THE PROPO-
SAL IS GIVEN TO THE FUND AT LEAST 60 DAYS PRIOR TO
THE TERMINATION OF THE POLICY, WITH THE APPROVAL
OF THE INSURED, UPON RECEIPT OF SUCH NOTICE, THE
FUND SHALL NOTIFY THE INSURED THAT HE WILL NO
LONGER BE ELIGIBLE FOR INSURANCE FROM THE FUND.
THE NAMES AND RECORDS OF ALL POLICYHOLDERS IN-
SURED BY THE FUND SHALL BE OPEN FOR REVIEW BY ALL
PRIVATE INSURERS.
(G) AT LEAST NINETY DAYS PRIOR TO THE EXPIRA-
TION OF THE POLICY OF AUTOMOBILE LIABILITY INSUR-
ANCE ISSUED BY THE FUND, THE EXECUTIVE DIRECTOR
SHALL NOTIFY THE POLICYHOLDER WHO MAS- WILL HAVE
COMPLETED A TWO-YEAR PERIOD AS AN INSURED OF
THE FUND AND WHO DURING THAT PERIOD HAS HAD
NO MOVING TRAFFIC VIOLATION, NOR MORE THAN ONE
POINT, OR TRAFFIC ACCIDENTS FOR WHICH HE OR
ANY AUTHORIZED OPERATOR AUTHORIZED TO OPER-
|
|