Insurance Commissioner Moves to Shorten Notification Time for Canceled Policies

The Maryland Insurance Commissioner has proposed amending a rule that governs the terms of canceling a workers' compensation policy. The rule would require an insurer who cancels a workers' compensation policy for a reason other than nonpayment to send the notice of cancellation by first-class mail no fewer than 15 days before the effective date of cancellation. Insurers currently have to send the notice within 30 days before the effective cancellation date, though they are not required to send the notice by first-class mail.  Stakeholders wishing to comment on the rule ca...