The COVID Project
The record
- Jurisdiction
- Maryland; Maryland Insurance Administration · Maryland
- Level
- Sector regulator
- Authority
- COMAR 31.08.12
- Issued
- 2020-08-13 Aug. 13, 2020
- Effective
- 2020-08-13
- End
- Not rescinded (restates a standing regulation) (read as 2021-09-30)
- In force
- Aug. 13, 2020 to Sept. 30, 2021
- Quarters
- 2020 Q32020 Q42021 Q12021 Q22021 Q3
2020 Q22020 Q32020 Q42021 Q12021 Q22021 Q3
- Limitation types
- Other
- Addressees
- all property and casualty insurers and producers
- Functions reached
- IN underwriting (insurer-imposed moratoria on new business during the emergency regulated)
- CB applicants for coverage
- Collection
- State insurance and banking regulators AGY-ST-INSURANCE-BANKING
Operative words
[The Commissioner reminds property and] casualty insurers to review and abide by all of the requirements contained in COMAR 31.08.12 with respect to temporary insurance moratoriums. These requirements include, but are not limited to the [following]: 1. An insurer may not implement a moratorium unless the insurer has previously filed a moratorium protocol with the Administration for all lines of business that the insurer may wish to implement a moratorium; 2. The filed moratorium protocol must identify the events that will trigger and deactivate a [moratorium]
Enforcement
COMAR 31.08.12; Md. Code, Ins. § 4-113
Notes
Issued as Hurricane Isaias approached, during the COVID-19 State of Emergency.
Retrieval noteMarginal to COVID-19; retained because it governs insurer moratoria during the emergency.