§ 19-305
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/md/insurance/19-305A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§19–305.
(1)The Commissioner shall adopt a two-tier antiarson application form that requires an applicant to complete a second-tier supplementary application if the initial first-tier application elicits certain predesignated answers.
(2)In adopting the antiarson application form, the Commissioner shall consider generally recognized two-tier application forms.
(b)An antiarson application shall include:
(1)the name and address of the applicant, any mortgagee, and any other party with an ownership interest in the property to be insured;
(2)the amount of insurance requested and the method of valuation used to establish that amount;
(3)the dates and selling prices of the property to be insured in all real estate transactions involving the property during the 3-year period immediately preceding the date of the antiarson application;
(4)the applicant’s history of losses during the 5-year period immediately preceding the date of the antiarson application with regard to any property:
(i)in which the applicant held an interest, including a partnership or mortgage interest, that is substantial; and
(ii)that sustained a fire loss exceeding 25% of the insured value;
(5)all taxes that are unpaid or overdue for 1 or more years; and
(6)the present occupancy of the property to be insured.