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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
§ 27-608.1. Transfer of policyholder between insurers
Universal Citation: MD Ins Code § 27-608.1 (2017)
- (a) Applicability of section. -- This section applies to policies of commercial insurance and policies of workers' compensation insurance.
- (b) Notice. --
- (1) If a policyholder is being transferred between admitted insurers within the same insurance holding company system, as defined in ยง 7-101 of this article, the insurer providing the new policy shall provide notice of the transfer to the policyholder.
- (2) An insurer shall be considered to have met the notice requirement of this section if the insurer has sent to the named insured a renewal policy that includes a notice of transfer, or a notice on the declaration page of the renewal policy, notifying the insured that the policy has been transferred from the prior named insurer to the new or renewing named insurer.
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