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Ex. AGY-ST-INSURANCE-BANKING-028 Context (guidance or announcement) Primary source read

Bulletin 20-28

Cancellation of Property & Casualty insurance policies due to non-payment of premium during the COVID-19 State of Emergency

Kathleen A. Birrane, Insurance Commissioner · Maryland; Maryland Insurance Administration (Sector regulator)

The COVID Project
Context, not an order

This 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
2020-07-02 July 2, 2020
Effective
2020-07-02
End
Informational filing required (Bulletin 20-35); resumption governed by the guidance (read as 2020-12-31)
In force
July 2, 2020 to Dec. 31, 2020
Quarters
2020 Q32020 Q4
Limitation types
Other
Addressees
  • all property and casualty insurers and producers
  • the Maryland Automobile Insurance Fund
Functions reached
  • IN property and casualty billing and cancellation (resumption regulated)
  • CB policyholders whose cancellations were deferred from March through July 2020
Character
context
Collection
State insurance and banking regulators AGY-ST-INSURANCE-BANKING

Operative words

Each insurer that has deferred cancellations or otherwise extended payment accommodations [must consider the factors stated]... To that end, the Administration will be requiring each property and [casualty insurer to make an informational filing]... [For insurers] that have deferred cancellation and/or premium collection, the Administration provides the following guidance to insurers with respect to the resumption of non-payment cancellations

Enforcement

Md. Code, Ins. §§ 27-601 to 27-613; § 4-113

Notes

The regulator's own record that insurers had 'deferred cancellations' and 'extended payment accommodations' through the second quarter of 2020 and that resumption would be supervised.

Retrieval note

Bracketed words paraphrase connecting text. it is not itself an order, rule, directive, resolution or condition of a license or contract. Cite it as context and cite the underlying order or statute as the instrument).