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Ch. 553
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2002 LAWS OF MARYLAND
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Section 27-605
Annotated Code of Maryland
(1997 Replacement Volume and 2001 Supplement)
(As enacted by Section 1 of this Act)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Insurance
11-317.
(A) IN THIS SECTION, "INCREASE IN A POLICY PREMIUM" INCLUDES AN
INCREASE IN PREMIUM DUE TO:
(1) A SURCHARGE;
(2) RETIERING OR OTHER RECLASSIFICATION OF AN INSURED; OR
(3) REMOVAL OR REDUCTION OF A DISCOUNT.
(a) (B) Each insurer that provides a private passenger automobile insurance
policy shall provide to the policyholder at the time of issuance or renewal of the policy
a statement that:
(1) defines the policyholder's rate classifications; [and]
(2) if the insurer is an authorized insurer includes a summary, in a form
approved by the Commissioner, of the insurer's approved surcharge plan or driver
record point plan for that policy; AND
(3) INCLUDES A SECTION THAT:
(I) PROVIDES A GENERAL DESCRIPTION OF THE FACTORS,
INCLUDING CREDIT INFORMATION IF APPLICABLE, THAT MAY CAUSE OR
CONTRIBUTE TO AN INCREASE IN A POLICY PREMIUM;.
(II) INFORMS THE INSURED OF THE RIGHT TO AN EXPLANATION OF
A PREMIUM INCREASE FROM THE INSURER;
(III) ADVISES THE INSURED THAT AN INSURER MAY NOT CHARGE A
PREMIUM UNLESS IT COMPLIES WITH ALL APPLICABLE PROVISIONS OF THIS
ARTICLE AND THE INSURER'S RATING PLAN FILED WITH THE COMMISSIONER;
(IV) INFORMS THE INSURED OF THE RIGHT TO FILE A PROTEST OF A
PREMIUM THAT DOES NOT COMPLY WITH ALL APPLICABLE PROVISIONS OF THIS
ARTICLE OR THE INSURER'S RATING PLAN FILED WITH THE COMMISSIONER, AND
DESCRIBES THE PROCEDURE FOR FILING A PROTEST; AND
(V) ADVISES THE INSURED OF THE POTENTIAL RIGHT TO EXCLUDE
AN OPERATOR FROM COVERAGE UNDER § 27-606 OF THIS ARTICLE.
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