Chapter 07 Payment of Claims Under Property and Casualty and Title Insurance Policies

What this document is

Code of Maryland Regulations (COMAR) 31.15.07 - Chapter 07 Payment of Claims Under Property and Casualty and Title Insurance Policies is a regulation published by Maryland Division of State Documents (dsd.maryland.gov), Code of Maryland Regulations. It is one of the Maryland documents that insurance license exam questions are written from, including maryland property & casualty, maryland personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

• COMAR 31.15.07.03A(1)(f) (Partial Settlement Check Releasing Total Liability)

  “Issuing a check or draft in partial settlement of a loss or claim under a specific coverage or coverages, which check or draft contains language releasing the insurer or its insured from their total liability.”

• COMAR 31.15.07.04B (Standards for Prompt Investigation of Claims; Written Notice of Reason for Delay)

  “B. If an insurer has not completed its investigation of a first party claim within 45 days of notification, the insurer shall promptly notify the first-party claimant, in writing, of the actual reason that additional time is necessary to complete the investigation. Notice shall be sent to the...”

• COMAR 31.15.07.04C (Prompt investigation; statute of limitations notice)

  “In any case in which a first-party claimant is neither an attorney nor represented by an attorney, the insurer shall, upon receipt of a written claim, inform that claimant in writing that there may be an applicable statute of limitations which may bar that claimant's rights in the future.”

• COMAR 31.15.07.04D (Prompt investigation; denial on a specific policy provision)

  “An insurer that denies a claim on the grounds of a specific policy provision, condition, or exclusion shall advise the claimant as to the provision, condition, or exclusion on which the denial is based.”

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Questions about this source

More Maryland sources

• Md. Code, Insurance s. 10-104 - License required; insurance producerState statute
• Md. Code, Insurance s. 10-126 - Grounds for denial, suspension, or revocation of licenseState statute
• Md. Code, Insurance s. 27-208 - Unfair discrimination between individuals of the same class in life rates, dividends and benefitsState statute
• Md. Code, Insurance s. 27-209 - Prohibited inducements and rebates not specified in the contractState statute
• Md. Code, Insurance s. 27-216 - Rebating and inducements; willful collection of excess premiumState statute
• Md. Code, Insurance s. 27-405 - Fraudulent insurance act: acting without a licence or certificationState statute
• Maryland Insurance Article Title 10 - Insurance Producers and Other Insurance Professionals (103 sections)State statute
• Maryland Insurance Article Title 15 - Health Insurance, first half (Secs. 15-101 through 15-815)State statute