Md. Code Regs. 31.08.05.01
Current through Register Vol. 51, No. 24, December 2, 2024
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.
Md. Code Regs. 31.08.05.01