2013 Maryland Code
INSURANCE
§ 24-109 - Policy terms and conditions of coverage


MD Ins Code § 24-109 (2013) What's This?

§24-109.

(a) Policies that the Society issues to lawyers shall be essentially uniform in terms and conditions of coverage.

(b) Notwithstanding subsection (a) of this section, the Society may:

(1) establish reasonable classifications of lawyers, insured activities, and exposures based on a good faith determination of relative exposures and hazards among classifications;

(2) vary the limits, coverages, exclusions, conditions, and loss-sharing provisions among classifications; and

(3) establish, for an individual lawyer within a classification, reasonable variations in the terms of coverage, including deductibles and loss-sharing provisions, based on the insured’s prior loss experience.

(c) The Society:

(1) may refuse to insure an applicant or may cancel the policy of a member of the Society who is suspended or disbarred from practicing law; and

(2) may refuse to underwrite or cancel any risk that does not meet its underwriting standards subject to the applicable provisions of this article.

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