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Ch. 553
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2002 LAWS OF MARYLAND
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(3) (I) AN INSURED MAY PROTEST THE RENEWAL POLICY PREMIUM
INCREASE THAT IS THE SUBJECT OF THE NOTICE BY SENDING A WRITTEN PROTEST
TO THE COMMISSIONER WITHIN 30 DAYS AFTER THE MAILING DATE OF THE NOTICE.
(II) A PROTEST SHALL BE IN WRITING, BE SIGNED BY THE INSURED,
AND STATE THE REASONS WHY THE INSURED BELIEVES THE RENEWAL POLICY
PREMIUM INCREASE IS INCORRECT.
(III) A PROTEST MAY BE WRITTEN ON A COPY OF THE NOTICE.
(IV) EXCEPT AS PROVIDED IN PARAGRAPH (4)(IV) OF THIS
SUBSECTION, THE FILING OF A PROTEST DOES NOT RELIEVE THE INSURED OF THE
OBLIGATION TO PAY ANY PREMIUM THAT IS DUE.
(4) (I) ON RECEIPT OF A PROTEST, THE COMMISSIONER SHALL
NOTIFY THE INSURER OF THE FILING OF THE PROTEST.
(II) ON NOTIFICATION OF THE FILING OF A PROTEST, THE INSURER
SHALL;
1. RECALCULATE THE RENEWAL POLICY PREMIUM; AND
2. PROVIDE TO THE COMMISSIONER A WRITTEN DOCUMENT
THAT EXPLAINS THE RECALCULATION, INCLUDING ALL FACTORS FROM THE
INSURER'S RATING PLAN USED TO CALCULATE THE INCREASED RENEWAL POLICY
PREMIUM.
(III) THE COMMISSIONER MAY REQUEST ANY ADDITIONAL
INFORMATION FROM THE INSURED OR THE INSURER NECESSARY TO RESOLVE THE
PROTEST.
(IV) A RENEWAL POLICY PREMIUM INCREASE OF 20% OR MORE
THAT IS THE SUBJECT OF A PROTEST MAY NOT BE CHARGED BY THE INSURER UNTIL
A FINAL DETERMINATION IS MADE BY THE COMMISSIONER.
(5) (I) ON RECEIPT OF ALL REQUESTED INFORMATION, THE
COMMISSIONER SHALL EITHER DISMISS THE PROTEST OR DISALLOW THE RENEWAL
POLICY PREMIUM INCREASE.
(II) DISMISSAL OF A PROTEST OR A DISALLOWANCE OF A RENEWAL
POLICY PREMIUM INCREASE IS A FINAL DETERMINATION OF THE COMMISSIONER
(6) THE COMMISSIONER MAY ADOPT REGULATIONS TO EXEMPT
RENEWAL POLICY PREMIUM INCREASES FROM THE PROVISIONS OF THIS
SUBSECTION, INCLUDING RENEWAL POLICY PREMIUM INCREASES CAUSED BY THE
LOSS OF DISCOUNTS.
(B) (1) EXCEPT IN ACCORDANCE WITH THIS SUBSECTION AND EXCEPT AS
PROVIDED IN SUBSECTION (C) OF THIS SECTION, 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 15 DAYS, ISSUED IN
THE STATE TO ANY RESIDENT OF THE HOUSEHOLD OF THE NAMED INSURED, AN
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- 4178 -
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