Md. Code Ann., Ins. § 19-517.1
Determination of viability, affordability, and adequacy of market of admitted carriers
Effective Apr 8, 2016Added by Acts 2015, c. 204, § 1, eff. July 1, 2015. Amended by Acts 2016, c. 16, § 1, eff. April 7, 2016; Acts 2016, c. 28, § 1, eff. April 8, 2016.State of Maryland
- (a) Beginning July 1, 2017, and annually thereafter through July 1, 2021, the Commissioner shall make a determination whether, with regard to the required coverages under § 10-405(a) of the Public Utilities Article, there is a viable, affordable, and adequate market of authorized insurers in the State, including the Maryland Automobile Insurance Fund, available to provide the required coverages to the transportation network services industry.
- (b) To the extent that the Commissioner makes an affirmative finding of availability, and in accordance with the provisions of Title 3, Subtitle 3 of this article, it is the intent of the General Assembly that required coverages be obtained from authorized insurers and the Maryland Automobile Insurance Fund.
Added by Acts 2015, c. 204, § 1, eff. July 1, 2015. Amended by Acts 2016, c. 16, § 1, eff. April 7, 2016; Acts 2016, c. 28, § 1, eff. April 8, 2016.