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PARRIS N. GLENDENING, Governor
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Ch. 553
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(C) The statement must be sufficiently clear and specific so that an
individual of average intelligence can identify the classifications without making
further inquiry.
(C) (D) AN INSURER THAT MARKETS PRIVATE PASSENGER AUTOMOBILE
INSURANCE THROUGH INDEPENDENT INSURANCE PRODUCERS SHALL MAKE
AVAILABLE TO ITS PRODUCERS A COPY OF THE STATEMENT REQUIRED UNDER THIS
SECTION.
27-605.
(b) (5) A NONMATERIAL, TYPOGRAPHICAL, OR GRAMMATICAL ERROR OR
THE INCLUSION OF NONMATERIAL INFORMATION IN A NOTICE, AS DETERMINED BY
THE COMMISSIONER, DOES NOT INVALIDATE THE NOTICE.
SECTION 2. AND BE IT FURTHER ENACTED, That the Laws of Maryland
read as follows:
Article—Insurance
27-501.
(E-1) AN INSURER MAY NOT REQUIRE A PARTICULAR PAYMENT PLAN FOR AN
INSURED FOR COVERAGE UNDER A PRIVATE PASSENGER OR HOMEOWNER'S
INSURANCE POLICY BASED ON THE CREDIT HISTORY OF THE INSURED.
27-605.
(A) IN THIS SECTION, "INCREASE IN PREMIUM" AND "PREMIUM INCREASE"
INCLUDE AN INCREASE IN THE ENTIRE PREMIUM FOR ANY COVERAGE ON A POLICY
DUE TO:
(1) A SURCHARGE;
(2) RETIERING OR OTHER RECLASSIFICATION OF AN INSURED; AND OR
(3) REMOVAL OR REDUCTION OF A DISCOUNT.
(a) (B) (1) Except in accordance with this article, with respect to a policy of
motor vehicle liability insurance or a binder of motor vehicle liability insurance, if the
binder has been in effect for at least 45 days, issued in the State to any resident of the
household of the named insured, an insurer other than the Maryland Automobile
Insurance Fund may not:
(i) cancel or fail to renew the policy or binder for a reason other
than nonpayment of premium; OR
(ii) [increase a THE ENTIRE A premium FOR ANY COVERAGE for
any coverage on the policy; or
(iii) ] reduce coverage under the policy.
(2) Notwithstanding paragraph (1) of this subsection, the requirements
of this section do not apply if:
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- 4171 -
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