Maryland Bans Mold Exclusions, Sets Sublimits
NU Online News Service, March 19, 4:10 p.m. EST?Insurers in Maryland will not be able to completely exclude mold damage coverage from insurance policies, but will have the option of having recovery sublimits for mold-related losses, Maryland officials said.
The announcement by the Maryland Insurance Administration drew support from the National Association of Independent Insurers.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
