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    Who Governs Insurance Companies in Maryland?

    Who Governs Insurance Companies in Maryland? snyder law group

    The Maryland Insurance Administration (MIA) protects consumers from illegal insurance practices by ensuring that insurance companies in Maryland adhere to State insurance laws.

    The Maryland Insurance Administration (MIA) protects consumers from illegal insurance practices by ensuring that insurance companies in Maryland adhere to State insurance laws. Maryland residents should always be aware of their insurance policy, the coverage it affords, and the excluded circumstances. Suppose you have suffered a covered loss that your insurance company denies, delays, or acts in bad faith. In that case, you may wish to file a complaint with the Maryland Insurance Administration. Let’s dive into the governing bodies surrounding auto insurance in Maryland.

    What Does the Maryland Insurance Administration Regulate?

    The Maryland Insurance Administration (MIA) has jurisdiction over insurers, insurance agents or brokers, premium finance companies, etc., authorized or licensed to conduct business in Maryland. This means that the MIA has the authority to regulate these entities and individuals, such as issuing licenses, reviewing rates, and policies, investigating complaints, and issuing penalties for violations of Maryland’s insurance laws.

    Although the MIA generally has jurisdiction over insurance contracts or policies issued in Maryland, it does not regulate specific plans, such as self-funded plans, policies issued in other states, or federal programs.

    What to Do if Your Insurance Denies Your Claim

    If your insurance company denies your claim, you have the right to submit a complaint with your insurer. This means you can request that your insurance company conducts a full and fair review of its decision. Be sure to collect all documents your insurance company sent to you and request any forms that may be missing. You should file a complaint with the Maryland Insurance Administration so they can investigate your claim and determine if the insurance company is not in accordance with state laws.

    Don’t Hesitate to Contact an Attorney

    In an at-fault state like Maryland, you can work with an experienced car accident attorney to seek the compensation to which you are entitled if you’ve been injured in an accident. Your attorney will help you navigate the process of working with insurance companies, and they will act in your best interest. Meeting with a lawyer can relieve some of the stress of accident victims. At the least, it can be helpful to meet with an attorney to see if you have a case. Contact The Snyder Law Group today for a free case evaluation.

    Contact The Snyder Law Group Today

    The Snyder Law Group, LLC, proudly represents clients throughout Maryland and Washington, D.C. Our experienced Baltimore attorneys understand the frustration that comes with an insurance company, medical professional, or other party that refuses to accept liability for negligent or reckless behavior. You can take heart in knowing there are talented and experienced lawyers ready to work for you. We are experienced in handling personal injury claims of medical malpractice or injury resulting from serious car and truck accidents, and have secured hundreds of millions in verdicts and settlements. Please visit our website, www.410thefirm.com, or call us at 410-843-3476, for more information. Follow us on Facebook, Twitter, and LinkedIn.

    Call 410-THE-FIRM. Don’t just sue them. SNYDER THEM.

    Call 410-THE-FIRM. Don't just sue them. SNYDER THEM

    This entry was posted on Friday, June 10th, 2022 at 4:33 pm. Both comments and pings are currently closed.

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