This office clause is a form dealing with compliance with legal requirements and insurance recommendations covering most all of the issues covered.
Maryland Clause Addressing Compliance with Legal Requirements and Insurance Recommendations
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State:
Multi-State
Control #:
US-OL13064
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Word;
PDF
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FAQ
You must carry a minimum of $30,000 for bodily injury per person, $60,000 bodily injury for two or more people, and $15,000 for property damage. Coverage above the minimum is available from your insurance company or agent. Insurance Requirements for Maryland Vehicles - MVA maryland.gov ? Documents ? ICD-004 maryland.gov ? Documents ? ICD-004
How do licensees cancel or surrender a license or line of authority? To surrender a license or delete a line of authority, email request to producerlicensing.mia@maryland.gov or fax to 410-468-2399. State FAQ & Contact Information. Request for Letters of Certification/Clearance.
A nonresident producer who moves from one state to another state or a resident producer who moves from this state to another state shall file a change of address and provide certification from the new resident state within thirty (30) days of the change of legal residence.
Individual and business entity licensees may change their addresses, including email addresses, using the Contact Change Request (CCR) feature at .nipr.com. NOTE: Address changes resulting in residency status changes are not permitted online.
The Maryland Insurance Administration (MIA) is an independent state agency that regulates Maryland's insurance industry and protects consumers by enforcing insurance laws.
A licensee must notify the Administration within 30 days of the change. FAQs and Contact Information - Maryland Insurance Administration maryland.gov ? Producer ? faqs_licensing maryland.gov ? Producer ? faqs_licensing
Unfair Claim Settlement Practices Code, Ins. Article, § 27-303, which prohibits unfair claim settlement practices by refusing to pay claims for an ?arbitrary or capricious reason? or ?failure to act in good faith? in settling their claim. Unfair Claim Practices in Maryland - Walker, Murphy & Nelson, LLP walkermurphy.com ? unfair-claims-settlement walkermurphy.com ? unfair-claims-settlement
Cancellations and Nonrenewals By law, an insurer is required to give the policyholder notice of the proposed cancellation or nonrenewal at least 45 days in advance, unless the cancellation is for nonpayment of premiums, in which case the notice must be given at least 10 days in advance. Homeowners Insurance in Maryland - People's Law Library peoples-law.org ? homeowners-insurance-m... peoples-law.org ? homeowners-insurance-m...
