Regulation .05 Deductible.

An authorized insurer providing lead hazard coverage under Insurance Article, §19-704, Annotated Code of Maryland:

(1)

Shall offer the coverage without a deductible for the lead hazard coverage; and

(2)

May offer the coverage with a deductible for the lead hazard coverage.

When an insurer pays a claim on the policy with a deductible, the:

(1)

Insurer shall pay the claim, including any applicable deductible; and

(2)

Insured shall reimburse the insurer for any amount paid up to the limit of any applicable deductible.