Often when a property and casualty policy is renewed, coverage is reduced or eliminated or deductibles are increased. There may also be automatic increases in policy limits pursuant to construction or inflation indices. The purpose of this chapter is to require all property and casualty insurers who intend to reduce or eliminate coverage, change a deductible or increase policy limits to clearly notify the policyholder of the action that has been taken.

Authority: Insurance Article, §§2-109, 4-113, and 27-216, and Title 11, Subtitle 2, Annotated Code of Maryland

Effective date: July 30, 1981 (8:12 Md. R. 1060)

Chapter recodified from COMAR 09.30.32 to COMAR 31.08.05 effective September 7, 1998 (25:18 Md. R. 1439)

Regulation .02A amended effective January 26, 2009 (36:2 Md. R. 102)

Regulation .02 repealed and new Regulation .02 adopted effective November 11, 2013 (40:22 Md. R. 1878)

Regulation .03 repealed effective November 11, 2013 (40:22 Md. R. 1878)