§ 12-204. Hearings on minimum benefits or coverage

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(a) Purpose. -- The Commissioner may hold hearings to determine if accident, disability, and health insurance policies meet the requirements of § 12-205 of this subtitle, so that fraud and the issuance of insurance policies economically unsound to insureds may be prevented and to ensure that a minimum amount of benefits or coverage is made available to the policy or certificate holders.

(b) Regulations. -- After evaluating the results of a hearing, the Commissioner shall, in compliance with § 12-205 of this subtitle, adopt reasonable regulations establishing minimum benefits or coverages necessary to meet the needs of insureds.

HISTORY: An. Code 1957, art. 48A, § 375A, 376; 1995, ch. 36.

                    
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