|FOR IMMEDIATE RELEASE
February 28, 2014
|FOR INFORMATION, CONTACT
Vivian D. Laxton, 410-468-2007
Director, Public Affairs
Insurance Administration to Review Certain Regulations
In accordance with the Regulatory Review and Evaluation Act, State Government Article, §§10-130—10-139, Annotated Code of Maryland, the Maryland Insurance Administration (MIA) is reviewing and evaluating certain regulations codified within Subtitle 15 of Title 31 of the Code of Maryland Regulations, entitled Unfair Trade Practices. The purpose of the review and evaluation is to determine whether existing regulations continue to accomplish the purposes for which they were adopted, clarify ambiguous or unclear language, and repeal obsolete or duplicative provisions.
Regulations being reviewed include:
31.15.01 Special Policies and Misleading Advertising
31.15.02 Advertisements of all Insurance Contracts Which Include Any Accident, Sickness, Hospital, Surgical or Medical Coverages
31.15.04 Solicitation of Annuity and Deposit Fund Contracts
31.15.05 Insurer’s Financial Statements
31.15.06 Filing or Service Fees in Connection with Certificates of Financial Responsibility
31.15.07 Payment of Claims Under Property and Casualty and Title Insurance Policies
31.15.08 Payment of Claims Under Life and Health Policies Annuity Contracts
31.15.09 Automobile Liability Insurance
31.15.10 Homeowner’s Insurance and Private Passenger Motor Vehicle Insurance – Standards for Cancellation and Nonrenewal
31.15.11 Use of Credit History in Underwriting and Rate Making
31.15.12 Valuation of Motor Vehicles
31.15.14 Administrative Service Fees
Interested parties may submit comments to Nancy Egan, Assistant Director of Government Relations, and transmitted by mail to 200 St. Paul Place, Suite 2700, Baltimore, MD 21202; by fax to (410) 468-2020; or by email to InsuranceRegReview@mdinsurance.state.md.us. Comments must be received by April 30, 2014.
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View this notice as it appeared in the Maryland Register on March 7, 2014.