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2017 Maryland Code
Insurance
Title 27 - Unfair Trade Practices and Other Prohibited Practices
Subtitle 6 - Cancellations, Nonrenewals, Premium Increases, and Reductions in Coverage
§ 27-601.1. Transfers of policy holders between insurers within same insurance holding company system as renewal.
Universal Citation: MD Ins Code § 27-601.1 (2017)
- (a) Issuance of new policy to replace expiring policy is renewal. -- For purposes of this subtitle, with respect to policies of personal insurance, private passenger motor vehicle liability insurance, commercial insurance, and workers' compensation insurance, the issuance by an insurer of a new policy to replace an expiring policy issued by that insurer is a renewal.
- (b) In general. -- For purposes of this subtitle, with respect to policies of personal insurance, private passenger motor vehicle liability insurance, commercial insurance, and workers' compensation insurance, the issuance by an insurer of a new policy to replace an expiring policy issued by another admitted insurer within the same insurance holding company system, as defined in ยง 7-101 of this article, is a renewal if:
- (1) the policyholder's premium does not increase; and
- (2) the policyholder does not experience a reduction in coverage.
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