§ 19-307
95 words·~1 min read·
/md/insurance/19-307A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§19–307.
(1)An antiarson application required under this subtitle is a material part of the policy to which the application pertains.
(2)A material misrepresentation in an antiarson application is grounds to rescind the policy.
(1)Within a reasonable time as specified by the Commissioner, a policyholder shall notify the policyholder’s insurer in writing of any change in the information contained in an antiarson application.
(2)A material failure to give the notice required in paragraph
(1)of this subsection, or a material misrepresentation in a notification, is grounds to rescind the policy.