Ch. 352

1995 LAWS OF MARYLAND

(B) NOTWITHSTANDING ANY OTHER PROVISION OF LAW, UNLESS THE
COMMISSIONER DETERMINES THAT IT WOULD IMPAIR THE FINANCIAL CONDITION
OF THE INSURER THE PREMIUM CHARGED BY AN INSURER TO A PERSON
PREVIOUSLY INSURED BY THE FUND ON OR AFTER JANUARY 1, 1995, MAY NOT
EXCEED THE PREMIUM THE INSURED WOULD HAVE BEEN CHARGED BY THE FUND
ACCORDING TO THE RATING PLAN OF THE FUND IN EFFECT ON THE DATE THE
POLICY IS ISSUED.

(C) NOTWITHSTANDING ANY OTHER PROVISION OF LAW, ANY LICENSED
AGENT WHO ON OR AFTER JANUARY 1, 1995 IS PERMITTED TO BIND COVERAGE ON
BEHALF OF THE FUND MAY BIND COVERAGE ON BEHALF OF;

(1) ANY INSURER THAT SELLS PRIVATE PASSENGER MOTOR VEHICLE
INSURANCE IN THE STATE FOR ANY INSURED UNDER SUBSECTION (A) OF THIS
SECTION; AND

(2) APPLYING THE UNDERWRITING GUIDELINES OF THE INSURER, ANY
INSURER THAT SELLS PRIVATE PASSENGER MOTOR VEHICLE INSURANCE IN THE
STATE AND IS DESIGNATED BY THE COMMISSIONER AS A NONSTANDARD INSURER
FOR ANY PERSON INSURED BY THE FUND ON OR AFTER JANUARY 1 1995.

SECTION 5. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:

Article 48A—Insurance Code

240K.

ANY INSURER THAT REFUSES TO ISSUE OR RENEW A PRIVATE PASSENGER
MOTOR VEHICLE INSURANCE POLICY TO AN APPLICANT SHALL WITHIN 5 BUSINESS
DAYS OF THE DECLINATION SEND WRITTEN NOTICE OF THE DECLINATION TO THE
INSURED, EITHER DIRECTLY OR THROUGH AN AGENT, AND SHALL INCLUDE THE
REASON FOR THE DECLINATION.

240L.

AN INSURER THAT ISSUES OR RENEWS A PRIVATE PASSENGER MOTOR
VEHICLE INSURANCE POLICY IN THIS STATE SHALL GIVE AN ACTUARIALLY
JUSTIFIED DISCOUNT IN RATE TO ANY PERSON WHO HAS COMPLETED 3
CONTINUOUS THE IMMEDIATELY PRECEDING 3 YEARS OF CONTINUOUS COVERAGE
WITH THAT INSURER WITHOUT ANY MOVING TRAFFIC VIOLATIONS, NOT MORE THAN
ONE POINT, AND NO CHARGEABLE TRAFFIC ACCIDENT.

SECTION 7. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:

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