August 07, 2012MD Insurance Administration Warns Against Improper Property & Casualty Insurance Claims Handling Practices
The Maryland Insurance Administration has released Bulletin Number 12-14 notifying Property & Casualty insurers of recent complaint investigations and administrative hearings held by the agency regarding the improper handling of some personal automobile and homeowners insurance claims that have led to violations of Sections 27-303 and 4-113(b) of the Insurance Article and the Code of Maryland Regulations (“COMAR”).
The Bulletin lists examples of recent violations and advises property and casualty insurers that failure to comply with statues and regulations applicable to claims investigations and required notices to the insured could result in administrative action including orders to pay claims, restitution, interest, administrative penalties and reversals of non-renewals and premium increases.
For more information, contact Craig D. Roswell, Esq. at 410-783-6341 or firstname.lastname@example.org.
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