COMMISSIONER ISSUES BULLETIN CONCERNING COMMERCIAL P&C POLICY RATES AND BUSINESS INTERRUPTION INQUIRIES
On April 13, 2020, the Maryland Insurance Commissioner issued Bulletin No. 20-20 to commercial P&C insurers recommending mid-term revisions to premium amounts, waiver of short-term rate cancellation penalties, limiting impact of the use of credit for underwriting, and limiting adverse underwriting for insureds that have made Business Interruption claims that have not resulted in a claim payment.
MD Bulletin No. 20-20