The COVID Project
Context, not an orderThis record is guidance or an announcement kept for context. It is not counted among the orders in force.
The record
- Jurisdiction
- Maryland; Maryland Insurance Administration · Maryland
- Level
- Sector regulator
- Authority
- Md. Code, Ins. § 2-108
- Issued
- 2020-04-13 Apr. 13, 2020
- Effective
- 2020-04-13
- End
- For the duration of the State of Emergency (read as 2021-09-30)
- In force
- Apr. 13, 2020 to Sept. 30, 2021
- Quarters
- 2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Other
- Addressees
- all property and casualty insurance companies and producers
- Functions reached
- IN commercial lines premium audit and business-interruption claims handling
- CB commercial policyholders with reduced payroll and sales in every industry
- Character
- context
- Collection
- State insurance and banking regulators AGY-ST-INSURANCE-BANKING
Operative words
[The Administration encourages insurers] to adjust premiums mid-term as needed to reflect reductions in payroll and [sales]... 4) COVID-19 claim inquiries: [insurers are to report the number of policyholders who have] made inquiries or filed Business Interruption claims that have not resulted in a claim payment.
Enforcement
Md. Code, Ins. § 2-108 (reports); § 4-113
Notes
Recites that 'Business Interruption claims arising from COVID-19 are typically not covered' and requires reporting of BI claim inquiries; Bulletin 20-21 (Ex. 027) recites that 20-20 'encourag[ed] insurers to adjust premiums mid-term as needed to reflect reductions in payroll.'
Retrieval noteBracketed words paraphrase; the quoted words are verbatim from the bulletin and from Bulletin 20-21's recital. Cite it as context and cite the underlying order, statute or emergency rule it describes as the instrument. (Bulletins whose operative text imposes a mandatory duty on licensees under the regulator's own authority are excluded from this downgrade and listed separately for review.)).