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ROBERT L. EHRLICH, JR., Governor Ch. 388
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(3) IF AN APPLICATION IS MADE USING THE INTERNET. THE INSURER
OR INSURANCE PRODUCER IS DEEMED TO BE IN COMPLIANCE WITH THIS SECTION IF
THE INSURER OR INSURANCE PRODUCER PROVIDES THE STATEMENT TO THE
APPLICANT PRIOR TO SUBMISSION OF THE APPLICATION.
(B) THE STATEMENT SHALL:
(1) BE ON A SEPARATE FORM;
(2) BE TITLED, IN AT LEAST 12 POINT TYPE, "ADDITIONAL OPTIONAL
COVERAGE NOT INCLUDED IN THE STANDARD HOMEOWNER'S INSURANCE POLICY';
(3) CONTAIN THE FOLLOWING DISCLOSURE IN AT LEAST 10 POINT TYPE:
"YOUR STANDARD HOMEOWNER'S INSURANCE POLICY DOES NOT COVER ALL
RISKS. YOU MAY NEED TO OBTAIN ADDITIONAL INSURANCE TO COVER LOSS OR
DAMAGE TO YOUR HOME, PROPERTY, AND THE CONTENTS OF YOUR HOME OR TO
COVER RISKS RELATED TO BUSINESS OR PERSONAL ACTIVITIES ON YOUR PROPERTY.
THIS STATEMENT PROVIDES A LIST OF THE TYPES OF ADDITIONAL INSURANCE
COVERAGE THAT ARE AVAILABLE. CONTACT YOUR INSURANCE COMPANY,
INSURANCE PRODUCER, OR INSURANCE AGENT TO DISCUSS THESE ADDITIONAL
COVERAGES."; AND
(4) CONTAIN A LIST OF ADDITIONAL OPTIONAL COVERAGE; AND
(5) CONTAIN THE FOLLOWING DISCLOSURE ABOVE THE LINE
DESIGNATED FOR THE APPLICANT'S SIGNATURE;
"I UNDERSTAND THAT THE TYPES OF ADDITIONAL INSURANCE COVERAGE
LISTED IN THIS STATEMENT ARE NOT INCLUDED IN THE STANDARD HOMEOWNER'S
INSURANCE POLICY. I UNDERSTAND THAT I MUST CONTACT MY INSURANCE
COMPANY, INSURANCE PRODUCER, OR INSURANCE AGENT IF I WANT TO DISCUSS OR
PURCHASE ADDITIONAL INSURANCE. I ALSO UNDERSTAND THAT THIS STATEMENT
OF ADDITIONAL COVERAGES, OR ANY DEFICIENCY IN IT, CANNOT BE USED BY ME OR
ANY OTHER PERSON TO BRING A PRIVATE LAWSUIT AGAINST THE INSURANCE
COMPANY, ITS INSURANCE PRODUCERS, OR ITS AGENTS.".
(C) A STATEMENT REQUIRED TO BE SENT BY CERTIFICATE OF MAILING
UNDER THIS SECTION MAY BE SENT WITH THE NOTICE REQUIRED UNDER § 19-206 OF
THIS ARTICLE,
SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall apply to all
personal lines homeowner's insurance policies and contracts issued, delivered, or
renewed on or after January 1, 2007.
SECTION 4. AND BE IT FURTHER ENACTED, That this Act shall take effect
January 1, 2007.
Approved May 2, 2006.
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- 2105 -
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