Md. Code Regs. 31.15.13.01

Current through Register Vol. 51, No. 12, June 14, 2024

Section 31.15.13.01 - Scope

A. (originally proposed text unchanged)

B. This chapter does not apply to policies:

(1) Issued to exempt commercial policyholders, as defined in Insurance Article, § 11-206(j), Annotated Code of Maryland;

(2) For which the renewal premium is:

(a) (originally proposed text unchanged)

(b) An increase over the expiring policy premium of the lesser of 3 percent or $300; or

(3) Of surplus lines insurance procured from a nonadmitted insurer under Insurance Article, Title 3, Subtitle 3, Annotated Code of Maryland.

Md. Code Regs. 31.15.13.01

Regulation .01 amended effective 41:21 Md. R. 1261, eff.1/1/2015