Regulation .08 Claims Registers.
Regulation .08 Claims Registers.LinkCopy Citation
A.
Each insurer shall maintain claims registers separately for:
(1)
Private passenger automobile insurance;
(2)
All other liability insurance;
(3)
Homeowner's insurance;
(4)
All other property insurance; and
(5)
Title insurance.
B.
Claims registers may be maintained manually or on computer-generated tapes from which hard copy can be supplied.
C.
Claims registers shall list chronologically, by date of report, each claim received, if a Maryland-domiciled insurer, and each claim received from a Maryland resident, if a foreign insurer doing business in Maryland, showing the:
(1)
Date of loss;
(2)
Policy or contract number;
(3)
Name of the insured; and
(4)
General nature of the claim.
D.
Claims registers shall be available for inspection by the Insurance Commissioner or by persons designated by the Commissioner for a period of at least 3 years following the date of the filing of the claim.
E.
Insurers shall have 6 months from the effective date of this chapter to establish the claims registers required by this regulation.