(a) The Commissioner may hold hearings to determine if accident, disability, and health insurance policies meet the requirements of § 12-205 of this subtitle, so that fraud and the issuance of insurance policies economically unsound to insureds may be prevented and to ensure that a minimum amount of benefits or coverage is made available to the policy or certificate holders.
(b) After evaluating the results of a hearing, the Commissioner shall, in compliance with § 12-205 of this subtitle, adopt reasonable regulations establishing minimum benefits or coverages necessary to meet the needs of insureds.
Structure Maryland Statutes
Title 12 - Policy Forms and Provisions
Subtitle 2 - Life and Health Insurance and Annuities
Section 12-201 - Insurable Interest Required for Personal Insurance
Section 12-202 - Application or Consent Required for Life or Health Insurance Contracts
Section 12-203 - Filing and Approval of Forms
Section 12-204 - Hearings on Minimum Benefits or Coverage
Section 12-205 - Disapproval of Forms
Section 12-206 - Applications for Life or Health Insurance or Annuities
Section 12-207 - Statements in Applications for Life or Health Insurance or Annuities
Section 12-208 - Discharge on Payment
Section 12-209 - Prohibited Provisions in Policy or Contract
Section 12-210 - Extension of Grace Period on Life, Accident, or Health Insurance Policy
Section 12-211 - Prohibited Provision in Disability Policies