Regulation .02 Scope.
Regulation .02 Scope.LinkCopy Citation
A.
In General. This chapter applies to insurers that sell or offer to sell homeowner's insurance or private passenger motor vehicle insurance.
B.
Insurance Transaction Not Initiated by a Consumer.
(1)
This chapter does not apply to the use of a credit report or a credit score derived from a credit report, by an insurer in an insurance transaction that:
(a)
Is not initiated by a consumer; and
(b)
Consists of a firm offer of insurance.
(2)
If an insurer refuses to underwrite after a consumer submits an application in response to a firm offer of insurance made in accordance with §B(1) of this regulation, the refusal to underwrite:
(a)
Is not part of a transaction that is not initiated by a consumer; and
(b)
Is subject to this chapter and any provisions of the Annotated Code of Maryland that are applicable to underwriting, including Insurance Article, §27-501, Annotated Code of Maryland.
C.
Accuracy or Completeness of Information in Credit Report. This chapter does not apply to a dispute regarding the accuracy or completeness of information in a credit report.