Code of Maryland Regulations
Title 31 - MARYLAND INSURANCE ADMINISTRATION
Subtitle 08 - PROPERTY AND CASUALTY INSURANCE
Chapter 31.08.16 - Notice of Amount of Renewal and Expiring Policy Premiums
Section 31.08.16.04 - Procedures and Requirements
Universal Citation: MD Code Reg 31.08.16.04
Current through Register Vol. 51, No. 19, September 20, 2024
A. At least 45 days prior to the renewal date of a policy subject to this chapter, an insurer shall send written notice to the named insured and the insurance producer of the policy.
B. The notice required under §A of this regulation:
(1) Shall be clear and specific;
(2) Shall state the dollar amount or amounts of the policy' s expiring premium;
(3) Shall state the dollar amount of the policy's renewal premium;
(4) Shall be sent either by first class mail or delivered by electronic means pursuant to the requirements of Insurance Article, § 27 -601.2, Annotated Code of Maryland; and
(5) May be sent together with the renewal policy.
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