<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".07" citation="COMAR 31.01.02.07" title_num="31" subtitle_num="01" chapter_num="02" heading="Property and Casualty.">
  <paragraph num="A.">
    <text>The bulletin issued by the Commissioner under Regulation .05 of this chapter may require insurers authorized in the State who write property and casualty insurance, the Maryland Automobile Insurance Fund, and the Joint Insurance Association to:</text>
    <paragraph num="(1)">
      <text>Suspend policy cancellations and nonrenewals;</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Extend the time periods for completion of repairs to an affected property in the event that repairs necessitated by the disaster or catastrophic event cannot be completed within the time period required under the policy;</text>
    </paragraph>
    <paragraph num="(3)">
      <text>Provide any or all of the data listed in §C of this regulation in a manner required by the Commissioner in the bulletin;</text>
    </paragraph>
    <paragraph num="(4)">
      <text>Implement a grace period of up to 60 days for the receipt of premium payments from customers prior to cancellation of policies;</text>
    </paragraph>
    <paragraph num="(5)">
      <text>Suspend the obligation of title insurers to conduct on-site reviews of each of its title insurance producers appointed as principal agents within the calendar year pursuant to COMAR 31.04.22.04, provided that the process and procedures for conducting virtual audits are submitted to, and deemed adequate by, the Commissioner;</text>
    </paragraph>
    <paragraph num="(6)">
      <text>Suspend the requirements under Insurance Article, §8-210, Annotated Code of Maryland, for an insurer to conduct an on-site review of the underwriting and claims processing operations of its managing general agent;</text>
    </paragraph>
    <paragraph num="(7)">
      <text>Suspend the requirement under Insurance Article, §8-520, Annotated Code of Maryland, for a reinsurer to conduct on-site review of the underwriting and claims processing operations of the reinsurance manager; and</text>
    </paragraph>
    <paragraph num="(8)">
      <text>On request of the Commissioner, provide any additional information that the Commissioner determines is necessary because of the nature of the emergency.</text>
    </paragraph>
  </paragraph>
  <paragraph num="B.">
    <text>If a company is unable to provide all of the information required by the Commissioner under this regulation, the company shall provide the Commissioner with a detailed explanation of why it is unable to provide the information and state what information the company can provide.</text>
  </paragraph>
  <paragraph num="C.">
    <text>By a bulletin issued under Regulation .05 of this chapter, the Commissioner may require authorized insurers, the Maryland Automobile Insurance Fund, and the Joint Insurance Association to provide any or all of the following information:</text>
    <paragraph num="(1)">
      <text>NAIC group number and group name, or in the alternative, NAIC company number and company name (list all companies that are included in the group);</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Name of person to contact with any questions;</text>
    </paragraph>
    <paragraph num="(3)">
      <text>Mailing address of contact person;</text>
    </paragraph>
    <paragraph num="(4)">
      <text>Email address of contact person;</text>
    </paragraph>
    <paragraph num="(5)">
      <text>Phone number of contact person;</text>
    </paragraph>
    <paragraph num="(6)">
      <text>For each line of insurance defined in Regulation .03 of this chapter and all other lines, the following information by zip code or by county:</text>
      <paragraph num="(a)">
        <text>Number of claims received;</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Amount paid on claims to date (indicate whether this amount includes amounts reserved for claims);</text>
      </paragraph>
      <paragraph num="(c)">
        <text>Number of claims closed with payment;</text>
      </paragraph>
      <paragraph num="(d)">
        <text>Number of claims closed without payment;</text>
      </paragraph>
      <paragraph num="(e)">
        <text>Case incurred loss;</text>
      </paragraph>
      <paragraph num="(f)">
        <text>Percentage of claims closed; and</text>
      </paragraph>
      <paragraph num="(g)">
        <text>Average time it took to close a claim (aging should begin the date the claim is reported);</text>
      </paragraph>
    </paragraph>
    <paragraph num="(7)">
      <text>For each line of insurance defined in Regulation .03 of this chapter and all other lines, the following information on a Statewide basis:</text>
      <paragraph num="(a)">
        <text>Total number of Maryland claims received;</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Amount paid on Maryland claims to date (indicate whether this amount includes amounts reserved for claims);</text>
      </paragraph>
      <paragraph num="(c)">
        <text>Number of Maryland claims closed with payment;</text>
      </paragraph>
      <paragraph num="(d)">
        <text>Number of Maryland claims closed without payment;</text>
      </paragraph>
      <paragraph num="(e)">
        <text>Maryland case incurred loss; and</text>
      </paragraph>
      <paragraph num="(f)">
        <text>Percentage of Maryland claims closed; or</text>
      </paragraph>
    </paragraph>
    <paragraph num="(8)">
      <text>Specify what lines the company has included in all other lines.</text>
    </paragraph>
  </paragraph>
  <paragraph num="D.">
    <text>Reporting Instructions.</text>
    <paragraph num="(1)">
      <text>Losses under business interruption insurance shall be reported under “business interruption insurance” and not under “commercial property insurance”.</text>
    </paragraph>
    <paragraph num="(2)">
      <text>Experience for vehicles covered by commercial auto insurance shall be consistent with data reported on lines 19.3, 19.4, and 21.2 of the P&amp;C annual statement.</text>
    </paragraph>
    <paragraph num="(3)">
      <text>Experience for flood coverage provided as an additional peril without endorsement under a residential or commercial property policy may be included with the associated property policy.</text>
    </paragraph>
    <paragraph num="(4)">
      <text>Experience for vehicles covered by private passenger auto insurance shall be consistent with data reported on lines 19.1, 19.2, and 21.1 of the P&amp;C annual statement.</text>
    </paragraph>
    <paragraph num="(5)">
      <text>Experience for workers’ compensation insurance shall be consistent with data reported on line 16 of the P&amp;C annual statement.</text>
    </paragraph>
  </paragraph>
  <paragraph num="E.">
    <text>If the Commissioner requires suspension of policy cancellations and nonrenewals, a property and casualty insurer, the Maryland Automobile Insurance Fund, or the Joint Insurance Association may cancel or refuse to renew any policy, after proper notice is issued, if:</text>
    <paragraph num="(1)">
      <text>All premiums due are not paid within 60 calendar days after the date of the expiration of the bulletin enacted pursuant to Regulation .05 of this chapter; or</text>
    </paragraph>
    <paragraph num="(2)">
      <text>The policy would have been lawfully cancelled or nonrenewed for reasons other than nonpayment of premium if not for the suspension of all policy cancellations or nonrenewals.</text>
    </paragraph>
  </paragraph>
  <paragraph num="F.">
    <text>Data supplied to the Commissioner under §A(3) of this regulation is confidential commercial data protected under State Government Article, §10-617(d), Annotated Code of Maryland, except when aggregated with data from all other insurers in a manner that does not permit any individual company information to be identified.</text>
  </paragraph>
  <paragraph num="G.">
    <text>A property and casualty insurer, the Maryland Automobile Insurance Fund, or the Joint Insurance Association may deduct any premium payments past due from a claim payment made to the insured under the insurance policy from the effective date of the bulletin issued pursuant to Regulation .05 of this chapter until 60 calendar days after the expiration of the bulletin.</text>
  </paragraph>
</regulation>