On April 15, 2024, the Maryland Insurance Administration (MIA) issued Bulletin 24-9 to all carriers, both personal and commercial lines of insurance and all lines of life and health insurance, doing business in the state of Maryland to make reasonable accommodations to all individuals and businesses that were impacted by the reduced operations of the Port of Baltimore following the collapse of the Francis Scott Key Bridge.
Reasonable accommodations may include suspension of premiums due, extension of billing due dates and premium grace periods, and waiver of installment and late payment fees.
For carriers who do provide accommodations, the MIA will:
- Provide space on the MIA website to inform policyholders about the accommodations;
- Send out a consumer alert regarding the accommodations; and
- Identify every carrier that provides accommodations to government agencies and every elected official in the state through the MIA's constituency newsletter/alert.
For more information, please see Bulletin 24-9. Any general questions regarding the bulletin should be directed to Joy Hatchette, Associate Commissioner for Consumer Education and Advocacy, at joy.hatchette@maryland.gov or 410-468-2029. For additional contact information, please see the bulletin.
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