Cancellation of Insurance Policies

Bulletin 12-26 Date: November 1, 2012 To: All Property and Casualty Insurers, The Maryland Automobile Insurance Fund (MAIF), The Joint Insurance Association (JIA), The Injured Workers Insurance Fund (IWIF) and All Premium Finance Companies Re: Cancellations of Insurance Policies ▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪▪ On October 26, 2012, Governor Martin O’Malley issued Executive Order 01.01.2012.19 declaring a State of Emergency for the entire State of Maryland in anticipation of the impending impact of “Hurricane Sandy.” Because of this weather event, daily life for many Maryland consumers has been disrupted. To avoid cancellations for personal automobile insurance, homeowners insurance, and other personal lines of insurance, I encourage insurers to provide reasonable accommodations to policyholders displaced or otherwise significantly impacted by the storm, including, but not limited to, a grace period for premium payment. By: _____Signature on original Therese M. Goldsmith Insurance Commissioner THERESE M. GOLDSMITH Commissioner KAREN STAKEM HORNIG Deputy Commissioner MARTIN O’MALLEY Governor ANTHONY G. BROWN Lt. Governor 200 St. Paul Place, Suite 2700 Baltimore, Maryland 21202 Direct Dial: 410-468-2000 Fax: 410-468-2430 www.mdinsurance.state.md.us 1-800-492-6116 TTY: 1-800-735-2258