(a) Each insurer that issues or delivers a medical professional liability insurance policy in the State with an annual premium of $5,000 or more shall offer at a minimum, in addition to the basic policy, additional policies with deductibles in the following amounts:
(1) $25,000;
(2) $50,000; and
(3) $100,000.
(b) In a policy with a deductible described in subsection (a) of this section, the insurer shall apply the deductible only to the liability of the insured under the policy.
(c) (1) An insurer that issues or delivers a medical professional liability insurance policy with a deductible described in subsection (a) of this section may cancel the policy for nonpayment of the deductible when the deductible is due and payable under the policy.
(2) A medical professional liability insurer that cancels a policy under paragraph (1) of this subsection is subject to the notice provisions under § 27–603 of this article.
Structure Maryland Statutes
Title 19 - Property and Casualty Insurance
Subtitle 1 - General Provisions
Section 19-101 - Applicability of Other Laws
Section 19-102 - Provisions in Liability Policies for Payment of Loss and Bankruptcy of Insured
Section 19-103 - Immunity of Charitable Institution
Section 19-104 - Health Care Malpractice Insurance
Section 19-106 - Liability Coverage -- for Family Child Care Providers
Section 19-107 - Refusals to Issue or Renew Insurance Because of Location
Section 19-108 - Issuance of Vehicle Liability Policies on Assessable Basis Prohibited
Section 19-109 - Subrogation of Medical Expense Payments Prohibited
Section 19-110 - Disclaimers of Coverage on Liability Policies
Section 19-111 - Limitation on Preventing Recovery for Property Loss
Section 19-112 - Request by Bulletin
Section 19-113 - Settlement of Claims
Section 19-114 - Deductibles in Medical Malpractice Policies
Section 19-115 - Insurance Provider Panels
Section 19-116 - Certificates of Insurance and Certificate of Insurance Forms