In Maryland, insurance companies and their agents or producers are regulated by the Maryland Insurance Administration (MIA). The Insurance Commissioner is required to enforce the insurance laws passed by the Maryland General Assembly. By law, all insurance companies are required to file their rates and policy forms with the MIA and other laws regulate insurance claim settlements, non-renewal or cancelation of a policy and insurance premium. If you have a problem with your insurance company or agent, you can file a complaint with the MIA and an investigator will determine whether your insurance company violated Maryland's insurance laws. Violations are not found in most complaint matters and the law gives the complainant the opportunity to request an administrative hearing after receiving the investigator's letter finding that there was no violation.
Introduction to Residential Property Insurance
Residential property insurance is a term that encompasses several different types of insurance:
There are two ways a residential property policy can cover a loss:
Residential property insurance policies also offer different methods of settling your claim and repairing your property:
Maryland Attorney General's OfficePeople's Insurance Counsel Division200 St. Paul StreetBaltimore, Maryland, 21202410-576-64321 (888) 743-0023email: PIC@oag.state.md.us