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The Maryland Insurance Commissioner ensures that all insurance laws of the state are faithfully executed by conducting examinations and resolving consumer complaints.
BALTIMORE ? Commissioner Kathleen A. Birrane has promoted Jamie Sexton to serve as director of legislative and regulatory policy for the Maryland Insurance Administration.
In Maryland, insurance agents or producers and insurance companies, including the Medical Mutual Liability Insurance Society of Maryland, are regulated by the Maryland Insurance Administration (MIA). The Insurance Commissioner is required to enforce the insurance laws passed by the Maryland General Assembly.
In Maryland, whether your potential case involves damage to real property (your house or your land, for example) or personal property (including damage to vehicles), it must be filed within three years, ing to Maryland Courts & Judicial Proceedings Code Ann. section 5-101.
Duties and powers of insurance commissioners In order to accomplish these goals, each state grants several powers to insurance commissioners and their offices, including: Approval of insurance rates. Periodical financial examinations of insurers. Licensing of companies, agencies, agents, and brokers.
The commissioner oversees the department's efforts to regulate the state's insurance companies and producers and investigate complaints consumers have about their insurance coverage.
Periodically, the Maryland Insurance Administration examines all companies organized under the laws of Maryland, and scrutinizes nonresident companies doing business in the State.