Applicability to Binders. This regulation applies to a binder only if the binder has been in effect for at least 45 days. Contents of Statement. If an insurer cancels, refuses to renew, increases a premium for, or reduces coverage under a policy or binder of private passenger motor vehicle liability insurance, the statement of actual reason required by Insurance Article, §§27-613 or 27-614, Annotated Code of Maryland, shall include at a minimum: If the action of the insurer is due wholly or partly to an accident: The name of the driver; The date of the accident; and If fault is a material factor for the insurer's action, a statement that the driver was at fault. If the action of the insurer is due wholly or partly to a violation of Maryland vehicle law or the vehicle laws of another state: The name of the driver; The date of the violation; and A description of the violation. If the action of the insurer is due wholly or partly to the claims history of an insured: The date that the claim that is the basis of the insurer's action occurred; and A description of each claim, such as: “Theft of vehicle on [date]”; “Vandalism of vehicle on [date]”; or “Towing claim on [date]”; or If the action of the insurer is due wholly or partly to a reason other than those described in §B(1)—(3) of this regulation or to a violation of the terms and conditions of the policy or the underwriting standards of the insurer, a description of the action of the insured that is the basis of the insurer's action, such as: “Insured loans the insured vehicle to an excluded driver”; or “Insured loans the insured vehicle to a non-listed driver”. In addition to the information required by §B of this regulation, with respect to a cancellation or nonrenewal, the statement of actual reason required by Insurance Article, §27-613, Annotated Code of Maryland, shall include a statement that the action by the insured that is the basis of the cancellation or nonrenewal violates the insurer's rating criteria or underwriting standards.