1. (a)

   1. (1) The Commissioner shall adopt a two-tier antiarson application form that requires an applicant to complete a second-tier supplementary application if the initial first-tier application elicits certain predesignated answers.
   2. (2) In adopting the antiarson application form, the Commissioner shall consider generally recognized two-tier application forms.

2. (b) An antiarson application shall include:

   1. (1) the name and address of the applicant, any mortgagee, and any other party with an ownership interest in the property to be insured;
   2. (2) the amount of insurance requested and the method of valuation used to establish that amount;
   3. (3) the dates and selling prices of the property to be insured in all real estate transactions involving the property during the 3-year period immediately preceding the date of the antiarson application;

   4. (4) the applicant's history of losses during the 5-year period immediately preceding the date of the antiarson application with regard to any property:

      1. (i) in which the applicant held an interest, including a partnership or mortgage interest, that is substantial; and
      2. (ii) that sustained a fire loss exceeding 25% of the insured value;
   5. (5) all taxes that are unpaid or overdue for 1 or more years; and
   6. (6) the present occupancy of the property to be insured.

Added by Acts 1996, c. 11, § 1, eff. Oct. 1, 1997.

Formerly Art. 48A, § 576.