Each policy that insures a health care provider against damages due to medical injury arising from providing or failing to provide health care shall contain provisions that: are consistent with the requirements of Title 3, Subtitle 2A of the Courts Article; and authorize the insurer, without restriction, to negotiate and effect a compromise of claims unless the settlement amount exceeds the limits of the insurer’s liability. An insurer may make payments to or on behalf of claimants for reasonable hospital and medical costs, loss of wages, and expenses for rehabilitation services and treatment, within the limits of the insurer’s liability, before a final disposition of the claim. A payment made under this subsection: is not an admission of liability to or of damages sustained by a claimant; and does not prejudice the insurer or any other party with respect to any right, claim, or defense. A policy issued or delivered under subsection (a) of this section may include coverage for the defense of a health care provider in a disciplinary hearing arising out of the practice of the health care provider profession if the cost of the included coverage is: itemized in the billing statement, invoice, or declarations page for the policy; and reported to the Commissioner in a form and manner required by the Commissioner. A policy providing coverage for the defense of a health care provider in a disciplinary hearing arising out of the practice of the health care provider’s profession may be offered and priced separately from a policy issued or delivered under subsection (a) of this section.