Md. Code Regs. 31.15.11.02

Current through Register Vol. 51, No. 21, October 18, 2024

Section 31.15.11.02 - Scope

A. In General. This chapter applies to insurers that sell or offer to sell homeowner's insurance or private passenger motor vehicle insurance.

B. Insurance Transaction Not Initiated by a Consumer.

(1) This chapter does not apply to the use of a credit report or a credit score derived from a credit report, by an insurer in an insurance transaction that:

(a) Is not initiated by a consumer; and

(b) Consists of a firm offer of insurance.

(2) If an insurer refuses to underwrite after a consumer submits an application in response to a firm offer of insurance made in accordance with §B(1) of this regulation, the refusal to underwrite:

(a) Is not part of a transaction that is not initiated by a consumer; and

(b) Is subject to this chapter and any provisions of the Annotated Code of Maryland that are applicable to underwriting, including Insurance Article, § 27-501, Annotated Code of Maryland.

C. Accuracy or Completeness of Information in Credit Report. This chapter does not apply to a dispute regarding the accuracy or completeness of information in a credit report.

Md. Code Regs. 31.15.11.02