Md. Code Ann., Ins. § 27-505
Orders and findings of Commissioner
Effective Oct 1, 2011Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997. Amended by Acts 2004, 1st Sp. Sess., c. 5, § 1, eff. Jan. 11, 2005; Acts 2011, c. 445, § 1, eff. Oct. 1, 2011; Acts 2011, c. 446, § 1, eff. Oct. 1, 2011.State of Maryland
(a)
- (1) If the Commissioner finds that an insurer has violated § 27-501, § 27-503, § 27-504, or § 27-504.1 of this subtitle, the Commissioner, in addition to any other power granted by this article, may order the insurer to accept the risk, or accept the business, as appropriate.
(2)
- (i) With respect to medical professional liability insurance, the Commissioner shall issue a finding within 90 days after receiving a request to review the cancellation or refusal to renew a policy under § 27-501(f) of this subtitle.
(ii) A medical professional liability insurer may terminate the policy if:
- 1. the Commissioner fails to issue a finding within 90 days after receiving a request to review the cancellation or refusal to renew; or
- 2. the Commissioner finds that the policy may be canceled or not renewed and issued the finding within 90 days after receiving a request to review the cancellation or refusal to renew.
(iii) If a medical professional liability insurer terminates the policy under subparagraph (ii)1 of this paragraph and the Commissioner subsequently issues a finding that the insurer may not cancel or refuse to renew the policy:
- 1. the insurer immediately shall reinstate the policy; and
- 2. the reinstatement shall be retroactive to the date that the policy was terminated.
- (b) A party to a hearing or proceeding under this subtitle may appeal from the hearing, proceeding, or a decision of the Commissioner in accordance with § 2-215 of this article.
Added by Acts 1997, c. 35, § 2, eff. Oct. 1, 1997. Amended by Acts 2004, 1st Sp. Sess., c. 5, § 1, eff. Jan. 11, 2005; Acts 2011, c. 445, § 1, eff. Oct. 1, 2011; Acts 2011, c. 446, § 1, eff. Oct. 1, 2011.
Formerly Art. 48A, §§ 234AA, 234C.