Maryland
Maryland Posts Summary of Laws Enacted in 2022
This announcement includes a full list of laws enacted in 2022 and two highlighted callouts in terms of compliance.
SENATE BILL 572 (Chapter 724) / HOUSE BILL 563 (Chapter 723): Outlines the increase in fees surplus lines broker may charge on a policy issued by a surplus lines insurer. The fee cap has been raised to $200 on each personal lines policy and $500 or 7% of the policy’s premium, whichever is greater, on each commercial lines policy.
SENATE BILL 207 (Chapter 231): Explains and outlines how to establish cybersecurity standards. Carriers are required to develop, implement, and maintain a written information security process.
SENATE BILL 207 (Chapter 231): Explains and outlines how to establish cybersecurity standards. Carriers are required to develop, implement, and maintain a written information security process.
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