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Ch. 393 2006 LAWS OF MARYLAND
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Article - Insurance
27-601.
IN THIS SUBTITLE;
(1) "PERSONAL INSURANCE" MEANS PROPERTY INSURANCE OR
CASUALTY INSURANCE ISSUED TO AN INDIVIDUAL, TRUST, ESTATE, OR SIMILAR
ENTITY THAT IS INTENDED TO INSURE AGAINST LOSS ARISING PRINCIPALLY FROM
THE PERSONAL, NONCOMMERCIAL ACTIVITIES OF THE INSURED.
(2) "PERSONAL INSURANCE" DOES NOT INCLUDE:
(I) MOTOR VEHICLE LIABILITY INSURANCE POLICIES SUBJECT TO
§ 27-605 OF THIS SUBTITLE:
(II) POLICIES ISSUED BY THE MARYLAND AUTOMOBILE
INSURANCE FUND:
(III) POLICIES ISSUED BY THE JOINT INSURANCE ASSOCIATION: OR
(IV) SURETY INSURANCE.
27-604.
(a) This section does not apply to:
(1) life insurance;
(2) health insurance;
(3) motor vehicle liability insurance issued to a resident of a household
in the State as set forth in § 27-605 of this subtitle;
(4) surety insurance;
(5) insurance written or issued by the Maryland Automobile Insurance
Fund; or
(6) an insurer that satisfies the Commissioner that it cannot reasonably
comply with the notice requirement in connection with certain risks or lines of
business.
(b) Whenever an insurer intends to increase a premium for a particular policy
written in the State by 20% or more, the insurer shall notify the insured and
insurance producer of the increase.
(c) The notice shall be sent by first-class mail to the insured and insurance
producer at least 45 days before the effective date of the proposed premium increase.
27-604.1.
(A) NOTWITHSTANDING THE REQUIREMENTS OF § 27-604 OF THIS SUBTITLE,
WHENEVER AN INSURER INTENDS TO INCREASE THE PREMIUM FOR A POLICY OF
HOMEOWNER'S INSURANCE WRITTEN IN THE STATE, THE INSURER SHALL NOTIFY
THE INSURED OF THE INCREASE.
- 2128 -
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