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Terms Used In Maryland Code, INSURANCE 11-704

  • Contract: A legal written agreement that becomes binding when signed.
(a) A carrier shall provide a one-time written notice to its insureds that an insured may access information about proposed rate increases on the Administration’s Web site.

(b) (1) For a policy or contract issued or delivered on or after January 1, 2018, the one-time written notice shall be provided at the time the policy or contract is issued or delivered.

(2) For a policy or contract issued or delivered before January 1, 2018, the one-time written notice shall be provided no later than the next policy or contract anniversary date after January 1, 2018.