MD Insurance Bulletin 23-10

Solicitation for comments on a new uninsured / underinsured motorist coverage selection form

Year: 2023Length: 238 wordsOfficial source
BULLETIN 23-10 Date: July 11, 2023 To: All Property & Casualty insurers writing private passenger motor vehicle liability insurance in Maryland; All Property & Casualty insurance producers authorized to sell private passenger motor vehicle liability insurance in Maryland; and, all other interested parties Re: Solicitation for comments on a new uninsured / underinsured motorist coverage selection form The Maryland Insurance Administration is soliciting comments from our licensees and all stakeholders concerning our promulgation of a new selection form for uninsured / underinsured motorist (UM/UIM) coverage. The new form will be required for all new private passenger automobile quotes, binders and policies issued or delivered in the State on or after July 1, 2024. The new form will not be used for renewals of policies already in effect as of June 30, 2024. This new form is necessary as a result of the passage of HB 128 during the 2023 legislative session. 2023 Regular Session - House Bill 128 Chapter (maryland.gov) Please submit your written comments by email to the Associate Commissioner of the Property & Casualty Division, Robert Baron (robert.baron@maryland.gov) before the close of business on Wednesday July 25, 2023 for our review and consideration. KATHLEEN A. BIRRANE Commissioner Robert Baron Associate Commissioner Property & Casualty Division KATHLEEN A. BIRRANE Commissioner TAMMY R. J. LONGAN Acting Deputy Commissioner WES MOORE Governor ARUNA MILLER Lt. Governor 200 St. Paul Place, Suite 2700, Baltimore, Maryland 21202 1-800-492-6116 TTY: 1-800-735-2258 www.insurance.maryland.gov
MD Insurance Bulletin 23-10: Solicitation for comments on a new uninsured / underinsured motorist coverage selection form | Justis AI